New York Liberty Zone Tax Relief Act of 2001

Summary

New York Liberty Zone Tax Relief Act of 2001 - Amends the Internal Revenue Code to provide specified temporary tax benefits for the New York Liberty Zone (NYLZ) (September 11, 2001-damaged area). Allows through 2006: (1) additional depreciation (30 percent) as specified for qualified property acquired after September 10, 2001; and (2) a five-year recovery period for depreciation of certain qualified leasehold improvement property (interior of nonresidential real property), as specified. Increases the aggregate dollar limitation for the expensing of certain depreciable business assets (section 179), as specified. Treats qualified New York Liberty Bonds as tax-exempt facility bonds, subject to a maximum aggregate amount, as specified. Extends the replacement period for nonrecognition of gain from two to five years for certain property involuntarily converted as a result of the terrorist attacks in the NYLZ.

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Timeline

1. 29 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

2. 29 November 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 29 November 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 November 2001 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 November 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 November 2001

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 29 November 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Houghton, Amo [R-NY-31] · R · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. Fossella, Vito [R-NY-13] · R · Sponsor
• Rep. Gilman, Benjamin A. [R-NY-20] · R · Sponsor
• Rep. Towns, Edolphus [D-NY-10] · D · Sponsor
• Rep. McCarthy, Carolyn [D-NY-4] · D · Sponsor
• Rep. Quinn, Jack [R-NY-27] · R · Sponsor
• Rep. King, Peter T. [R-NY-2] · R · Sponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• Rep. Sweeney, John E. [R-NY-20] · R · Sponsor
• Rep. Reynolds, Thomas M. [R-NY-26] · R · Sponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Sponsor
• Rep. Walsh, James T. [R-NY-25] · R · Sponsor
• Rep. McHugh, John M. [R-NY-23] · R · Sponsor
• Rep. Grucci, Felix J., Jr. [R-NY-1] · R · Sponsor
• Rep. Engel, Eliot L. [D-NY-16] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Slaughter, Louise McIntosh [D-NY-25] · D · Cosponsor
• Rep. Israel, Steve [D-NY-3] · D · Cosponsor
• Rep. Boehlert, Sherwood [R-NY-24] · R · Cosponsor
• · hswm00 · Standing

Related records

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