S 2903 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide that restrictions on the allowance for depreciation and the investment credit for property leased by a tax-exempt entity not apply to certain correctional facilities leased by State and local governments.

Introduced 1984-08-02· Sponsored by Sen. D'Amato, Alfonse [R-NY]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department.(1984-08-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide that restrictions on the allowance for depreciation and the investment tax credit for property leased by a tax-exempt entity shall not apply to certain correctional facilities leased by State and local governments.…

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