S. 1621 · 110th 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
- Kent Conrad
- Introduced
- 2007-06-14
- Latest action
- 2007-06-14 · 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.