S. 1801 · 114th Congress
Agriculture Equipment and Machinery Depreciation Act
- Stage
- In committee
- Sponsor
- Amy Klobuchar
- Introduced
- 2015-07-16
- Latest action
- 2015-07-16 · Introduced in Senate
Summary
Agriculture Equipment and Machinery Depreciation 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.