A bill to amend the Internal Revenue Code of 1986 to provide that the amortization deduction for goodwill and certain other intangibles be determined by amortizing 75 percent of the adjusted basis of the intangibles ratably over a 15-year period.

Summary

Amends the Internal Revenue Code to require that the amortization deduction for goodwill and certain other intangibles be determined by amortizing 75 percent (currently, 100 percent) of the adjusted basis of the intangibles ratably over a 15-year period.

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Timeline

1. 19 November 1993

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 19 November 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S16450)

   Source: IntroReferral

3. 19 November 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 19 November 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 November 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 November 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 19 November 1993

  Open at official source

Sponsors

• Rep. Simon, Paul [D-IL-24] · D · Sponsor
• Sen. Metzenbaum, Howard M. [D-OH] · D · Sponsor
• · ssfi00 · Standing

Related records

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