S 1859 · 106th Congress · Taxation

Rural Revitalization Act of 1999

Introduced 1999-11-04· Sponsored by Sen. Grams, Rod [R-MN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1999-11-04)

Plain Language Summary

[AI summary unavailable — showing source text] Rural Revitalization Act of 1999 - Amends the Internal Revenue Code to: (1) establish a rural revitalization tax credit; and (2) increase the election to expense certain depreciable business assets in the case of a qualified active low-income rural community business.…

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