HR 199 · 104th Congress · Taxation

Neutral Cost Recovery Act of 1995

Introduced 1995-01-04· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.1215.(1995-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] Neutral Cost Recovery Act of 1995 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for certain property placed in service after December 31, 1994. Increases the dollar limitation on the deduction to expense depreciable business assets.…

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

Cosponsors (17)

1 Democrat16 Republicans
Rep. Blute, Peter I. [R-MA-3]MA
Rep. Cunningham, Randy (Duke) [R-CA-51]CA
Rep. Everett, Terry [R-AL-2]AL
Rep. Istook, Ernest J., Jr. [R-OK-5]OK
Rep. Kasich, John R. [R-OH-12]OH
Rep. Knollenberg, Joe [R-MI-11]MI
Rep. Linder, John [R-GA-4]GA
Rep. Manzullo, Donald A. [R-IL-16]IL
Rep. Chrysler, Dick [R-MI-8]MI
Rep. Molinari, Susan [R-NY-13]NY
Rep. English, Phil [R-PA-21]PA
Rep. Smith, Lamar [R-TX-21]TX
Rep. Royce, Edward R. [R-CA-39]CA
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Ney, Robert W. [R-OH-18]OH
Rep. Parker, Mike [D-MS-4]MS
Rep. Sensenbrenner, F. James, Jr. [R-WI-9]WI