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United States · Bill · HR

H.R. 2429 (106th)

To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.

referredUnited States· United States Congress· EN

Introduced

1 July 1999

Last action

1 July 1999 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Crane, Philip M. [R-IL-8], Rep. Matsui, Robert T. [D-CA-5], Rep. Hayworth, J. D. [R-AZ-5], Rep. Watkins, Wes [R-OK-3], Rep. Callahan, Sonny [R-AL-1], Sen. Wicker, Roger F. [R-MS], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Doolittle, John T. [R-CA-4]

Subjects

Taxation

Source updated

2 January 2025

Taxation

Summary

Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 July 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 1 July 1999

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 July 1999

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 July 1999

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 1 July 1999

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 July 1999

    Open at official source

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Sponsors

Related records

Sources

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