H.R. 4236 · 109th Congress
To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
- Stage
- In committee
- Sponsor
- Chris Chocola
- Introduced
- 2005-11-04
- Latest action
- 2005-11-04 · Introduced in House
Summary
Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.