S 1864 · 109th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Introduced 2005-10-07· Sponsored by Sen. Talent, Jim [R-MO]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2005-10-07)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.…

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

Cosponsors (14)

6 Democrats8 Republicans
Sen. Conrad, Kent [D-ND]ND
Sen. Bunning, Jim [R-KY]KY
Sen. Crapo, Mike [R-ID]ID
Sen. Harkin, Tom [D-IA]IA
Sen. Lincoln, Blanche L. [D-AR]AR
Sen. Thomas, Craig [R-WY]WY
Sen. Chambliss, Saxby [R-GA]GA
Sen. Pryor, Mark L. [D-AR]AR
Sen. Burns, Conrad R. [R-MT]MT
Sen. Dorgan, Byron L. [D-ND]ND
Sen. Johnson, Tim [D-SD]SD
Sen. Roberts, Pat [R-KS]KS
Sen. Enzi, Michael B. [R-WY]WY
Sen. Isakson, Johnny [R-GA]GA