United States · Bill · S
S. 1758 (98th)
Accounting Cost Recovery Simplification Act of 1983
Introduced
3 August 1983
Last action
—
Status
Subcommittee on Taxation and Debt Management. Hearings held.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Accounting Cost Recovery Simplification Act of 1983 - Amends the Internal Revenue Code to establish a recovery account system for calculating the depreciation deduction under the accelerated cost recovery system for three and five year personal property. Determines the recovery deduction each year by computing a percentage of the amount in the recovery account. Sets forth rules and guidelines for the maintenance and operation of the recovery accounts.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 3 August 1983
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/senate-bill/1758
- Open data entity: https://api.congress.gov/v3/bill/98/s/1758