United States · Bill · HR
H.R. 4379 (102nd)
To amend the Internal Revenue Code of 1986 to permit the rapid amortization of property which is part of new domestic manufacturing facilities.
Introduced
4 March 1992
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to allow an amortization deduction for qualified new domestic manufacturing property. Provides for determining such deduction by amortizing the adjusted basis of such property ratably over a 60-month period. Declares that the amortization deduction is in lieu of the regular depreciation deduction.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 4 March 1992
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/102nd-congress/house-bill/4379
- Open data entity: https://api.congress.gov/v3/bill/102/hr/4379