S. 1864 · 109th Congress
A bill 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
- Jim Talent
- Introduced
- 2005-10-07
- Latest action
- 2005-10-07 · Introduced in Senate
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.