Productive Investment Incentive Act

Summary

Productive Investment Incentive Act - Amends the Internal Revenue Code to allow a business expense deduction for up to $250,000 (currently, $10,000) of depreciable business assets if property is used as an integral part of manufacturing, production, or extraction. Reduces such allowance by the amount by which the cost of such property exceeds $1,000,000 (currently, $200,000) for a taxable year. Excludes such depreciation deduction from the alternative minimum tax.

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Timeline

1. 3 August 1990

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 August 1990

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 August 1990

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 August 1990

  Open at official source

Sponsors

• Rep. Johnson, Nancy L. [R-CT-6] · R · Sponsor
• Rep. Madigan, Edward R. [R-IL-21] · R · Cosponsor
• Rep. Rhodes, John J., III [R-AZ-1] · R · Cosponsor
• Rep. Sharp, Philip R. [D-IN-10] · D · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Kyl, Jon [R-AZ-4] · R · Cosponsor
• Rep. Rowland, John G. [R-CT-5] · R · Cosponsor
• Rep. Ritter, Don [R-PA-15] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-25] · R · Cosponsor
• · hswm00 · Standing

Related records

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