To amend the Internal Revenue Code of 1986 to clarify that amounts paid to acquire certain intangible items are treated as being paid for goodwill.

Summary

Amends the Internal Revenue Code to provide that amounts paid or incurred to acquire customer base, market share, or any similar intangible item shall be treated as paid or incurred for intangible property with an indeterminate useful life for purposes of determining the depreciation deduction.

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

Timeline

1. 18 January 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 January 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 October 1991

   Committee

   Committee Hearings Held.

   Source: Committee

5. 29 October 1991

   Committee

   Committee Hearings Held.

   Source: Committee

6. 5 October 1992

   Committee

   See H.R.11.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 January 1991

  Open at official source

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Sponsors

• Rep. Donnelly, Brian J. [D-MA-11] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Revenue Act of 1992