HR 3057 · 107th Congress · Taxation

To amend the Internal Revenue Code of 1986 to reduce to 3 years the depreciation recovery period for qualified technological equipment.

Introduced 2001-10-05· Sponsored by Rep. Watkins, Wes [R-OK-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-10-05)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce the depreciation recovery period for qualified technological equipment from five to three years. Expands the definition of such equipment for tax purposes.…

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