United States · Bill · HR
H.R. 3124 (104th)
To amend the Internal Revenue Code of 1986 to increase the amount of depreciable business assets which may be expensed, and for other purposes.
Introduced
20 March 1996
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to increase the dollar limitation on the cost of property which may be expensed by businesses as depreciable assets. Increases the amount of such property that may be placed in service at which phaseout begins. Increases the limitation on the depreciation deduction for certain automobiles.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 20 March 1996
Introduced in House (PDF)
Introduced in House · EN · 20 March 1996
Introduced in House
summary · EN · 20 March 1996
Sponsors
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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/104th-congress/house-bill/3124
- Open data entity: https://api.congress.gov/v3/bill/104/hr/3124