HR 3042 · 107th Congress · Taxation
Neutral Cost Recovery Act of 2001
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2001-10-04)
Plain Language Summary
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Amends the Internal Revenue Code to require that the depreciation deduction for tangible property placed in service after 2001 be computed using neutral cost recovery ratios.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
4 Republicans1 Independent