Bill Title: Income tax deductions. Eliminates, for property placed in service by a taxpayer after December 31, 2018: (1) the bonus depreciation add back of the amount that is allowed for federal income tax purposes; and (2) the Section 179 expense add back of the amount that is allowed for federal income tax purposes in excess of $25,000 per year.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2019-01-28 - Senator Ford Jon added as second author [SB0624 Detail]

Text: Latest bill text (Introduced) [PDF]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Brian Buchanan [R]	Primary	Sponsored Bills	SD-007	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jon Ford [R]	Primary	Sponsored Bills	SD-038	FollowTheMoney	Ballotpedia	VoteSmart

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