HR 2429 · 106th Congress · Taxation
To amend the Internal Revenue Code of 1986 to establish a 5-year recovery period for petroleum storage facilities.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1999-07-01)
Plain Language Summary
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Amends the Internal Revenue Code to classify petroleum storage facilities as five-year property for depreciation purposes.…
Summarized by Claude AI · Non-partisan · For informational purposes only