HR 5617 · 95th Congress · Taxation
Accelerated Depreciation Allowance Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1977-03-28)
Plain Language Summary
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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 (13)
9 Democrats4 Republicans