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H.R. 4474

Fairness for Agricultural Machinery and Equipment Act

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.

Referred to the House Committee on Ways and Means.

Rep. Abraham, Ralph Lee [R-LA-5](R-LA)Sponsor
26 cosponsors6 D20 R
26cosponsors1committees3actions2related bills3subjects
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    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Fairness for Agricultural Machinery and Equipment Act — Informed