HR 4474 · 114th Congress · Taxation
Fairness for Agricultural Machinery and Equipment Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2016-02-04)
Plain Language Summary
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Fairness for Agricultural Machinery and Equipment Act This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
4 Democrats16 Republicans