High Productivity Investment Act of 2001

Summary

High Productivity Investment Act of 2001 - Amends the Internal Revenue Code to establish two new depreciation provisions: (1) the rapid cost recovery system under which the cost of specified property may be depreciated more quickly than under current depreciation methods; and (2) the high productivity investment deduction under which the cost of specified property may be expensed. Modifies the alternative minimum tax. Directs the Secretary of the Treasury to establish a table showing classes of property and the modified class life of each class of property. Provides a schedule on which the Secretary's initial table shall be based.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 July 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 12 July 2001

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• Introduced in House

  summary · EN · 12 July 2001

  Open at official source

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