S 1216 · 116th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

Introduced 2019-04-11· Sponsored by Sen. Inhofe, James M. [R-OK]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2019-04-11)

Plain Language Summary

[AI summary unavailable — showing source text] This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2017.)…

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