A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Summary

Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.

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

Timeline

1. 14 June 2007

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 14 June 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 June 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 June 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 June 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 June 2007

  Open at official source

Sponsors

• Sen. Conrad, Kent [D-ND] · D · Sponsor
• Mike Crapo · R · Sponsor
• Rep. Harkin, Tom [D-IA-5] · D · Sponsor
• Rep. Roberts, Pat [R-KS-1] · R · Sponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Sponsor
• Rep. Bunning, Jim [R-KY-4] · R · Sponsor
• Sen. Salazar, Ken [D-CO] · D · Sponsor
• Rep. Johnson, Tim [D-SD-At Large] · D · Cosponsor
• Rep. Dorgan, Byron L. [D-ND-At Large] · D · Cosponsor
• Sen. Hagel, Chuck [R-NE] · R · Cosponsor
• Sen. Enzi, Michael B. [R-WY] · R · Cosponsor
• Sen. Isakson, Johnny [R-GA] · R · Cosponsor
• Sen. Smith, Gordon H. [R-OR] · R · Cosponsor
• Sen. Bingaman, Jeff [D-NM] · D · Cosponsor
• Sen. Chambliss, Saxby [R-GA] · R · Cosponsor
• Maria Cantwell · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.