US SB494 | 2013-2014 | 113th Congress
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on March 7 2013 - 25% progression, died in committee
Action: 2013-03-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 7 2013 - 25% progression, died in committee
Action: 2013-03-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow the special depreciation allowance (bonus depreciation) for dairy producing calves and cows purchased for business use, regardless of whether the original use of such livestock commenced with another taxpayer.
Title
A bill to amend the Internal Revenue Code of 1986 to expand the types of livestock for which bonus depreciation is available.
Sponsors
| Sen. Charles Schumer [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-03-07 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Agricultural prices, subsidies, credit
Business investment and capital
Income tax deductions
Livestock
Taxation
Business investment and capital
Income tax deductions
Livestock
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/senate-bill/494/all-info |
| Text | https://www.congress.gov/113/bills/s494/BILLS-113s494is.pdf |
