S 2499 · 95th Congress · Taxation

Asset Depreciation Simplification Act

Introduced 1978-02-06· Sponsored by Sen. Chafee, John H. [R-RI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-02-06)

Plain Language Summary

[AI summary unavailable — showing source text] Asset Depreciation Simplification Act - Amends the Internal Revenue Code to provide a new rapid depreciation method for up to $200,000 worth of property.…

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