H.R. 2280 · 110th 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
Introduced
2007-05-10
Latest action
2007-05-10 · 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.