A bill to amend the Internal Revenue Code of 1954 to increase the class life variance for depreciation purposes.

Summary

Amends the Internal Revenue Code to increase from 20 percent to 40 percent the permissable variance from the useful life of property established by the Secretary of the Treasury for depreciation purposes.

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

Timeline

1. 23 March 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 23 March 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 23 March 1978

  Open at official source

Sponsors

• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Javits, Jacob K. [R-NY] · R · Cosponsor
• Sen. Percy, Charles H. [R-IL] · R · Cosponsor
• Sen. Chafee, John H. [R-RI] · R · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• · ssfi00 · Standing

Related records

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