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United States · Bill · HR

H.R. 5185 (102nd)

To amend the Internal Revenue Code of 1986 to allow a 5-year recovery period for grapevines replanted as a result of a phylloxera infestation.

referredUnited States· United States Congress· EN

Introduced

14 May 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 a five-year recovery period for purposes of the depreciation deduction for any grapevine replanted in a vineyard after December 31, 1992, as a direct result of a phylloxera infestation in such vineyard. Allows a ten-year recovery period for such replanted grapevines under the alternative depreciation system.

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Documents

2 official files

Introduced in House (text)

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