A bill to amend the Internal Revenue Code of 1954 to provide that certain vessels constructed in the United States may be depreciated based on a useful life of 5 years.

referredUnited States· United States Congress· EN

Introduced

25 March 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to permit a taxpayer to elect to compute the depreciation on eligible American vessels and vessel construction facilities by using a useful life of five years with no salvage value.

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Documents

1 official file

Introduced in House
summary · EN · 25 March 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/2822
Open data entity: https://api.congress.gov/v3/bill/97/hr/2822