HR 539 · 103th Congress · Taxation

Investment Tax Incentive Act of 1993

Introduced 1993-01-21· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR H6460)(1994-07-29)

Plain Language Summary

[AI summary unavailable — showing source text] Investment Tax Incentive Act of 1993 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for property placed in service after December 31, 1992. Repeals the special depreciation rules applicable under the adjusted current earnings provisions of the minimum tax.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

2 Democrats18 Republicans
Rep. Armey, Richard K. [R-TX-26]TX
Rep. Bacchus, Jim [D-FL-15]FL
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Baker, Richard H. [R-LA-6]LA
Rep. Barcia, James A. [D-MI-5]MI
Rep. Bartlett, Roscoe G. [R-MD-6]MD
Rep. Blute, Peter I. [R-MA-3]MA
Rep. Bonilla, Henry [R-TX-23]TX
Rep. Burton, Dan [R-IN-6]IN
Rep. Buyer, Steve [R-IN-5]IN
Rep. Calvert, Ken [R-CA-43]CA
Rep. Canady, Charles T. [R-FL-12]FL
Rep. Crapo, Mike [R-ID-2]ID
Rep. Cunningham, Randy (Duke) [R-CA-51]CA
Rep. DeLay, Tom [R-TX-22]TX
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Dornan, Robert K. [R-CA-46]CA
Rep. Dunn, Jennifer [R-WA-8]WA
Rep. Everett, Terry [R-AL-2]AL
Rep. Fowler, Tillie [R-FL-4]FL