S. 494 · 113th Congress
A bill to amend the Internal Revenue Code of 1986 to expand the types of livestock for which bonus depreciation is available.
- Stage
- In committee
- Sponsor
- Chuck Schumer
- Introduced
- 2013-03-07
- Latest action
- 2013-03-07 · Introduced in Senate
Summary
Amends the Internal Revenue Code to allow the special depreciation allowance (bonus depreciation) for dairy producing calves and cows purchased for business use, regardless of whether the original use of such livestock commenced with another taxpayer.