United States · Bill · HR
H.R. 2981 (107th)
To amend the Internal Revenue Code of 1986 to establish a 2-year recovery period for depreciation of computers and other technological equipment, a 24-month useful life for depreciation of computer software, and a 7-year useful life for depreciation of certain auction-acquired telecommunications licenses.
Introduced
2 October 2001
Last action
2 October 2001 · Introduced
Status
Referred to the House Committee on Ways and Means.
Sponsors
Rep. Upton, Fred [R-MI-6], Rep. Green, Gene [D-TX-29], Sen. Burr, Richard [R-NC], Rep. Gillmor, Paul E. [R-OH-5], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Stearns, Cliff [R-FL-6], Rep. Greenwood, James C. [R-PA-8], Rep. Barton, Joe [R-TX-6], Rep. Harman, Jane [D-CA-36], Rep. Camp, Dave [R-MI-4], Rep. Armey, Richard K. [R-TX-26], Rep. Ramstad, Jim [R-MN-3], Rep. Bass, Charles F. [R-NH-2], Rep. Bilirakis, Michael [R-FL-9], Rep. LaHood, Ray [R-IL-18], Rep. Radanovich, George [R-CA-19], Rep. Smith, Christopher H. [R-NJ-4], Rep. Sessions, Pete [R-TX-17], Sen. Portman, Rob [R-OH], Rep. Boehner, John A. [R-OH-8], Rep. Whitfield, Ed [R-KY-1], Rep. Hoekstra, Peter [R-MI-2], Rep. Ose, Doug [R-CA-3], Rep. Boehlert, Sherwood [R-NY-24], Rep. Boucher, Rick [D-VA-9], Rep. Goodlatte, Bob [R-VA-6], Rep. Kelly, Sue W. [R-NY-19], Rep. Pryce, Deborah [R-OH-15], Rep. Dreier, David [R-CA-26], Rep. Dunn, Jennifer [R-WA-8], Rep. Foley, Mark [R-FL-16], Rep. Davis, Tom [R-VA-11], Rep. Bono, Mary [R-CA-44], Rep. DeLay, Tom [R-TX-22], Rep. Watts, J. C., Jr. [R-OK-4], Rep. Shimkus, John [R-IL-15], Sen. Blunt, Roy [R-MO], Rep. Rogers, Mike J. [R-MI-8], Rep. Buyer, Steve [R-IN-4], Rep. Fossella, Vito [R-NY-13], Rep. Terry, Lee [R-NE-2], Rep. Bryant, Ed [R-TN-7], Rep. Largent, Steve [R-OK-1], Rep. Shadegg, John B. [R-AZ-3], Rep. Pitts, Joseph R. [R-PA-16], Rep. Eshoo, Anna G. [D-CA-18], Rep. Sawyer, Tom [D-OH-14], Rep. Deal, Nathan [R-GA-9]
Subjects
Taxation
Source updated
10 February 2026
Summary
Amends the Internal Revenue Code to establish a two year recovery period for depreciation of computers and other technological equipment. Reduces the recovery period from five to two years under the alternative depreciation system for certain property ( tax-exempt use property, etc.). Reduces the useful life for depreciation of computer software from 36 to 24 months. Establishes a seven year useful life for depreciation of certain auction-acquired telecommunications licences.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
2 October 2001
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
2 October 2001
Introduced
Introduced in House
Source: IntroReferral
2 October 2001
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 2 October 2001 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 2 October 2001
Introduced in House (PDF)
Introduced in House · EN · 2 October 2001
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Introduced in House
summary · EN · 2 October 2001
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Upton, Fred [R-MI-6] · R · Sponsor
- Rep. Green, Gene [D-TX-29] · D · Sponsor
- Sen. Burr, Richard [R-NC] · R · Sponsor
- Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
- Rep. Tauzin, W. J. (Billy) [R-LA-3] · R · Sponsor
- Rep. Stearns, Cliff [R-FL-6] · R · Sponsor
- Rep. Greenwood, James C. [R-PA-8] · R · Sponsor
- Rep. Barton, Joe [R-TX-6] · R · Sponsor
- Rep. Harman, Jane [D-CA-36] · D · Sponsor
- Rep. Camp, Dave [R-MI-4] · R · Sponsor
- Rep. Armey, Richard K. [R-TX-26] · R · Sponsor
- Rep. Ramstad, Jim [R-MN-3] · R · Sponsor
- Rep. Bass, Charles F. [R-NH-2] · R · Sponsor
- Rep. Bilirakis, Michael [R-FL-9] · R · Sponsor
- Rep. LaHood, Ray [R-IL-18] · R · Sponsor
- Rep. Radanovich, George [R-CA-19] · R · Sponsor
- Rep. Smith, Christopher H. [R-NJ-4] · R · Sponsor
- Rep. Sessions, Pete [R-TX-17] · R · Sponsor
- Sen. Portman, Rob [R-OH] · R · Sponsor
- Rep. Boehner, John A. [R-OH-8] · R · Sponsor
- Rep. Whitfield, Ed [R-KY-1] · R · Sponsor
- Rep. Hoekstra, Peter [R-MI-2] · R · Sponsor
- Rep. Ose, Doug [R-CA-3] · R · Sponsor
- Rep. Boehlert, Sherwood [R-NY-24] · R · Sponsor
- Rep. Boucher, Rick [D-VA-9] · D · Sponsor
- Rep. Goodlatte, Bob [R-VA-6] · R · Sponsor
- Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
- Rep. Pryce, Deborah [R-OH-15] · R · Sponsor
- Rep. Dreier, David [R-CA-26] · R · Sponsor
- Rep. Dunn, Jennifer [R-WA-8] · R · Sponsor
- Rep. Foley, Mark [R-FL-16] · R · Sponsor
- Rep. Davis, Tom [R-VA-11] · R · Sponsor
- Rep. Bono, Mary [R-CA-44] · R · Sponsor
- Rep. DeLay, Tom [R-TX-22] · R · Sponsor
- Rep. Watts, J. C., Jr. [R-OK-4] · R · Sponsor
- Rep. Shimkus, John [R-IL-15] · R · Sponsor
- Sen. Blunt, Roy [R-MO] · R · Cosponsor
- Rep. Rogers, Mike J. [R-MI-8] · R · Cosponsor
- Rep. Buyer, Steve [R-IN-4] · R · Cosponsor
- Rep. Fossella, Vito [R-NY-13] · R · Cosponsor
- Rep. Terry, Lee [R-NE-2] · R · Cosponsor
- Rep. Bryant, Ed [R-TN-7] · R · Cosponsor
- Rep. Largent, Steve [R-OK-1] · R · Cosponsor
- Rep. Shadegg, John B. [R-AZ-3] · R · Cosponsor
- Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
- Rep. Eshoo, Anna G. [D-CA-18] · D · Cosponsor
- Rep. Sawyer, Tom [D-OH-14] · D · Cosponsor
- Rep. Deal, Nathan [R-GA-9] · R · Cosponsor
Showing 48 of 59 sponsors and actors.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/house-bill/2981
- Open data entity: https://api.congress.gov/v3/bill/107/hr/2981
- us · 107-hr-2981 · source updated 10 February 2026