HR 1535 · 108th Congress · Taxation
To amend the Internal Revenue Code of 1986 to repeal the mid-quarter convention for depreciable property.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2003-04-01)
Plain Language Summary
[AI summary unavailable — showing source text]
Amends the Internal Revenue Code concerning the applicable convention utilized in the accelerated cost recovery system to repeal the special rule where substantial property is placed in service during the last three months of a taxable year and the mid-quarter convention rule.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
4 Democrats1 Republican