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United States · Bill · S

S. 1281 (93rd)

A bill relating to the allowance of a depreciation deduction.

referredUnited States· United States Congress· EN

Introduced

19 March 1973

Last action

Status

Referred to Senate Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

1 August 2024

Summary

Allows a depreciation deduction under the Internal Revenue Code to a taxpayer, for the reasonable allowance for the exhaustion, wear, and tear of property used in a trade, or business, or of property held for the production of income. (Amends 26 U.S.C. 167(a))

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Documents

1 official file

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Sources

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