Bill115th CongressFiled Jun 22, 2017Taxation
S. 1422
Agriculture Equipment and Machinery Depreciation Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 22, 2017)
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.
What just happenedJun 22, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Klobuchar, Amy [D-MN](D-MN)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees2actions1related bills3subjects
- Introduced in SenateJun 22, 2017
- Jun 22, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 22, 2017IntroReferral10000
Introduced in Senate