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United States · Bill · S

S. 1149 (117th)

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

referredUnited States· United States Congress· EN

Introduced

15 April 2021

Last action

15 April 2021 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Inhofe, James M. [R-OK], Sen. Rounds, Mike [R-SD], Sen. Blunt, Roy [R-MO], Sen. Lummis, Cynthia M. [R-WY], Sen. Murkowski, Lisa [R-AK]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Summary

This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2021.)

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

Timeline

  1. 15 April 2021

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 15 April 2021

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 15 April 2021

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 15 April 2021

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 15 April 2021

    Open at official source

    Leesvertaling

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Sponsors

Related records

Sources

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