To amend the Internal Revenue Code of 1986 to require the use of the 150 percent declining balance method of depreciation for computer equipment for certain purposes of the alternative minimum tax.

referredUnited States· United States Congress· EN

Introduced

26 July 1990

Last action

26 July 1990 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Russo, Martin A. [D-IL-3], Rep. Sundquist, Don [R-TN-7], Rep. Andrews, Michael [D-TX-25], Rep. Anthony, Beryl, Jr. [D-AR-4], Sen. Brown, Hank [R-CO], Sen. Cardin, Benjamin L. [D-MD], Rep. Chandler, Rod D. [R-WA-8], Rep. Coyne, William J. [D-PA-14], Rep. Crane, Philip M. [R-IL-8], Rep. Donnelly, Brian J. [D-MA-11], Sen. Dorgan, Byron L. [D-ND], Rep. Downey, Thomas J. [D-NY-2], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Ford, Harold E. [D-TN-9], Rep. Frenzel, Bill [R-MN-3], Rep. Gibbons, Sam [D-FL-11], Rep. Gradison, Willis D., Jr. [R-OH-2], Rep. Guarini, Frank J. [D-NJ-14], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Johnson, Nancy L. [R-CT-5], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Levin, Sander M. [D-MI-12], Rep. Matsui, Robert T. [D-CA-5], Rep. McGrath, Raymond J. [R-NY-5], Rep. Moody, Jim [D-WI-5], Rep. Pease, Donald J. [D-OH-13], Rep. Pickle, J. J. [D-TX-10], Rep. Rangel, Charles B. [D-NY-15], Rep. Schulze, Richard T. [R-PA-5], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Thomas, William M. [R-CA-21], Rep. Vander Jagt, Guy [R-MI-9]

Subjects

Taxation

Source updated

7 February 2024

Taxation

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Summary

Amends the Internal Revenue Code to require the use of the 150 percent declining balance method of depreciation for computer equipment for alternative minimum tax purposes. Allows the use of the straight-line method for the first year for which such method will yield a higher allowance.

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

Timeline

26 July 1990
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
26 July 1990
Introduced
Introduced in House
Source: IntroReferral
26 July 1990
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · — · Download file

Documents

2 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN
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Introduced in House
summary · EN · 26 July 1990
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Leesvertaling
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Vertaal naar
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Related records

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Sources

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Official source: https://www.congress.gov/bill/101st-congress/house-bill/5376
Open data entity: https://api.congress.gov/v3/bill/101/hr/5376
us · 101-hr-5376 · source updated 7 February 2024