H.R. 427 · 112th Congress
To amend the Internal Revenue Code of 1986 to provide a 5-year recovery period for computer-based gambling machines.
- Stage
- In committee
- Sponsor
- Dean Heller
- Introduced
- 2011-01-25
- Latest action
- 2011-05-11 · Ms. Berkley asked unanimous consent to be the first sponsor of H.R. 427, and to have the authority to add co-sponsors. Agreed to without objection.
Summary
Amends the Internal Revenue Code to classify any computer-based gambling machine, including slot machines and video lottery terminals, as five-year property for depreciation purposes.