To amend the Internal Revenue Code of 1986 to permit year 2000 computer conversion costs to be expensed by small businesses under section 179 and to provide a $20,000 increase in the limitation under section 179 for such costs.

Summary

Amends the Internal Revenue Code to: (1) permit Year 2000 computer problem conversion costs to be expensed; and (2) increase, for 1998 and 1999, the limitation for such costs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 June 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 24 June 1998

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 June 1998

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 June 1998 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 June 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 June 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 24 June 1998

  Open at official source

Sponsors

• Rep. Thurman, Karen L. [D-FL-5] · D · Sponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Rep. Tauscher, Ellen O. [D-CA-10] · D · Cosponsor
• Rep. Matsui, Robert T. [D-CA-3] · D · Cosponsor
• Zoe Lofgren · D · Cosponsor
• ROBERT BRADY · D · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• COLLIN PETERSON · D · Cosponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• Rep. Baldacci, John Elias [D-ME-2] · D · Cosponsor
• Rep. Sandlin, Max [D-TX-1] · D · Cosponsor
• · hswm00 · Standing

Related records

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