S 1281 · 93th Congress · Taxation

A bill relating to the allowance of a depreciation deduction.

Introduced 1973-03-19· Sponsored by Sen. Bayh, Birch [D-IN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1973-03-19)

Plain Language Summary

[AI summary unavailable — showing source text] Allows a depreciation deduction under the Internal Revenue Code to a taxpayer, for the reasonable allowance for the exhaustion, wear, and tear of property used in a trade, or business, or of property held for the production of income. (Amends 26 U.S.C. 167(a))…

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