H.R. 4474 · 114th Congress
Fairness for Agricultural Machinery and Equipment Act
- Stage
- In committee
- Sponsor
- Ralph Abraham
- Introduced
- 2016-02-04
- Latest action
- 2016-02-04 · Introduced in House
Summary
Fairness for Agricultural Machinery and Equipment Act
This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.