Bill116th CongressFiled Apr 11, 2019Taxation
S. 1216
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
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What it doesSummary introduced in senate (Apr 11, 2019)
This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2017.)
What just happenedApr 11, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Inhofe, James M. [R-OK](R-OK)Sponsor
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- Introduced in SenateApr 11, 2019
- Apr 11, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 11, 2019IntroReferral10000
Introduced in Senate