HR 1339 · 108th Congress · Taxation

Neutral Cost Recovery Act of 2003

Introduced 2003-03-18· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2003-03-18)

Plain Language Summary

[AI summary unavailable — showing source text] Neutral Cost Recovery Act of 2003 - Amends the Internal Revenue Code to require that the depreciation deduction for tangible property placed in service after 2003 be computed using neutral cost recovery ratios.…

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