HR 3857 · 97th Congress · Taxation

A bill to provide that the tax treatment by certain lessors of automobiles and trucks as depreciable property shall not be disturbed without legislative action.

Introduced 1981-06-09· Sponsored by Rep. Gibbons, Sam [D-FL-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-06-09)

Plain Language Summary

[AI summary unavailable — showing source text] Requires that, unless otherwise provided by law, a lessor of automobiles or trucks be permitted to continue to treat such property as depreciable property without regard to the presence in a lease of a terminal adjustment clause.…

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

Cosponsors (1)

1 Republican