A bill to amend Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.

Summary

Provides, under the Internal Revenue Code, that any capital expenditures incurred to connect a sewage line from the residence of a taxpayer to a municipal sewage system shall be considered to have been a depreciable capital expenditure incurred with respect to property held for the production of income. (Amends 26 U.S.C. 167)

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

Timeline

1. 10 July 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 10 July 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 July 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 10 July 1973

  Open at official source

Sponsors

• Rep. Howard, James J. [D-NJ-3] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.