United States · Bill · S
S. 2762 (97th)
A bill to amend Section 46(d) of the Internal Revenue Code to clarify treatment of expenditures prior to commencement of physical work.
Introduced
21 July 1982
Last action
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Status
Committee on Finance requested executive comment from OMB; Treasury Department.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to allow expenditures made prior to the commencement of physical work to be taken into account for purposes of the investment tax credit if: (1) the property qualifies as progress expenditure property; and (2) such expenditures are includible in the basis of such property.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 21 July 1982
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2762
- Open data entity: https://api.congress.gov/v3/bill/97/s/2762