United States · Bill · S
S. 735 (95th)
A bill to amend the Internal Revenue Code of 1954 to permit the accelerated depreciation of property placed in service in areas of high unemployment.
Introduced
11 February 1977
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Amends the Internal Revenue Code to allow taxpayers to amortize over 60 months, or in the case of a building, over one-half of its useful life, property placed in service after December 31, 1976, and before January 1, 1980, in an area in which the rate of unemployment is seven percent or greater.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 11 February 1977
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/735
- Open data entity: https://api.congress.gov/v3/bill/95/s/735