A bill to amend the Internal Revenue Code of 1954 to provide that, in the case of certain vessels documented under the laws of the United States, the deduction for depreciation may be computed using a useful life of 5 years, and for other purposes.

Introduced

11 March 1981

Last action

11 March 1981 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Kemp, Jack [R-NY-31], Sen. Breaux, John B. [D-LA], Rep. Rousselot, John H. [R-CA-26], Rep. Jones, Walter B. [D-NC-1], Rep. Biaggi, Mario [D-NY-19], Rep. Martin, James G. [R-NC-9], Rep. Moore, W. Henson [R-LA-6], Del. Sunia, Foto I. F. [D-AS-At Large], Rep. Derwinski, Edward J. [R-IL-4], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Weber, Vin [R-MN-2], Rep. Spence, Floyd [R-SC-2], Rep. Fuqua, Don [D-FL-2], Rep. Goldwater, Barry, Jr. [R-CA-20], Rep. McDonald, Lawrence P. [D-GA-7], Rep. Jeffries, Jim [R-KS-2], Rep. Bonker, Don [D-WA-3], Rep. Whitehurst, G. William [R-VA-2], Rep. Hertel, Dennis M. [D-MI-14], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Dougherty, Charles F. [R-PA-4], Sen. Wyden, Ron [D-OR], Rep. Porter, John Edward [R-IL-10], Rep. Solomon, Gerald B. H. [R-NY-22], Rep. Guyer, Tennyson [R-OH-4], Rep. Shumway, Norman D. [R-CA-14], Rep. Pepper, Claude [D-FL-18], Sen. Lott, Trent [R-MS], Rep. Livingston, Bob [R-LA-1], Rep. Wortley, George C. [R-NY-27], Rep. Bafalis, L. A. (Skip) [R-FL-10], Rep. Collins, James M. [R-TX-3], Rep. Lowery, Bill [R-CA-41], Rep. Hall, Tony P. [D-OH-3], Rep. Fields, Jack [R-TX-8], Rep. McKinney, Stewart B. [R-CT-4], Rep. Daniel, Robert W., Jr. [R-VA-4], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Young, Don [R-AK-At Large], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Zeferetti, Leo C. [D-NY-15], Rep. Dornan, Robert K. [R-CA-46], Rep. Mavroules, Nicholas [D-MA-6], Rep. Dyson, Roy [D-MD-1], Rep. Long, Clarence D. [D-MD-2], Rep. Pashayan, Charles, Jr. [R-CA-17], Rep. Davis, Robert W. [R-MI-11], Sen. Akaka, Daniel K. [D-HI]

Subjects

Taxation

Source updated

7 February 2024