HR 5588 · 95th Congress · Taxation

Accelerated Depreciation Allowance Act

Introduced 1977-03-24· Sponsored by Rep. Lederer, Raymond F. [D-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-03-24)

Plain Language Summary

[AI summary unavailable — showing source text] Accelerated Depreciation Allowance Act - Amends the Internal Revenue Code to allow taxpayers to elect accelerated amortization (twice the allowable depreciation deduction) for manufacturing property placed in service in States having an unemployment rate which is greater than six percent between October 1, 1976 and October 1, 1981.…

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

Cosponsors (11)

10 Democrats1 Republican
Rep. Flood, Daniel J. [D-PA-11]PA
Rep. Moorhead, William S. [D-PA-14]PA
Rep. Murtha, John P. [D-PA-12]
Rep. Kostmayer, Peter H. [D-PA-8]
Rep. Eilberg, Joshua [D-PA-4]
Rep. Ammerman, Joseph S. [D-PA-23]
Rep. Coughlin, Lawrence [R-PA-13]
Rep. Ertel, Allen E. [D-PA-17]
Rep. Rooney, Fred B. [D-PA-15]
Rep. Dent, John H. [D-PA-21]
Rep. Murphy, Austin J. [D-PA-22]