United States · Bill · S
S. 1584 (99th)
A bill to amend the Internal Revenue Code of 1954 to allow a taxpayer to expense the costs of plant and equipment destroyed in whole or in part in a nature disaster.
Introduced
1 August 1985
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to allow a taxpayer to expense (deduct rather than charge to the capital account) the replacement costs of plant or equipment destroyed in whole or in part in a natural disaster.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 1 August 1985
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1584
- Open data entity: https://api.congress.gov/v3/bill/99/s/1584