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United States · Bill · HR

H.R. 7543 (94th)

Capital Recovery Act

referredUnited States· United States Congress· EN

Introduced

3 June 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Capital Recovery Act - Provides, under the Internal Revenue Code, a deduction for capital recovery to be used in lieu of the existing depreciation deduction at the election of the taxpayer. Defines the property with respect to which such a deduction may be made. Sets forth tables from which the amount of such deduction may be determined based on the acquisition costs of the property and the number of taxable years passed since acquisition. Authorizes the taxpayer to carry a portion of the deduction allowable for one taxable year to succeeding years.

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Documents

1 official file

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