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- H.R.2456
H.R.2456: To amend the Internal Revenue Code of 1986 in order to provide an incentive for business to invest in pollution abatement property and related assets.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about environmental protection
- Introduced June 17, 1993
- Latest Major Action June 17, 1993
Bill Sponsor
Bill Cosponsors
11 (8 Democrats, 3 Republicans)
Bill Summary
Amends the Internal Revenue Code to classify certain environmental property used for pollution abatement as five-year depreciation property for purposes of the accelerated cost recovery system and the alternative depreciation system. Excepts such property from depreciation rules for purposes of adjustments in computing alternative minimum taxable income. Repeals the deduction for amortization of pollution control facilities.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| June 17, 1993 |
Introduced in the House by Donald M. Payne (D-N.J.) |