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Bill117th CongressFiled Apr 15, 2021Taxation
S. 1149

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in senate (Apr 15, 2021)

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 2021.)

What just happenedApr 15, 2021

Read twice and referred to the Committee on Finance.

Who’s behind it

Sen. Inhofe, James M. [R-OK](R-OK)Sponsor
4 cosponsors4 R
Read on Congress.gov
4cosponsors1committees2actions4subjects
  1. Apr 15, 2021IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. Apr 15, 2021IntroReferral10000

    Introduced in Senate

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation r… — Informed