HR 15878 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow the amortization of certain expenditures for safety equipment over a 5-year period.

Introduced 1974-07-11· Sponsored by Rep. Baker, LaMar [R-TN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-07-11)

Plain Language Summary

[AI summary unavailable — showing source text] Allows the amortization, under the Internal Revenue Code, of expenditures for safety equipment over a 5-year period. Provides that such deduction shall be in lieu of any depreciation deduction otherwise allowable for such expenditures. Defines the applicable expenditures.…

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