S 110 · 96th Congress · Taxation
Small Business Depreciation Reform Act of 1979
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1979-01-23)
Plain Language Summary
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Small Business Depreciation Reform Act of 1979 - Amends the Internal Revenue Code to allow the straight line depreciation based on a period of 36 months of business property with a useful life of three years or more and a basis not in excess of $25,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
10 Democrats1 Republican