Bills
H.R.199

H.R.199: Neutral Cost Recovery Act of 1995

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This bill was introduced in the 104th Congress
This bill is primarily about taxation
Introduced Jan. 4, 1995
Latest Major Action March 13, 1995
See the one similar bills introduced in other congresses.

Bill Sponsor

Nick Smith (R-Mich.)

Bill Cosponsors

17 (1 Democrat, 16 Republicans)

Peter I. Blute (R-Mass.)
Dick Chrysler (R-Mich.)
Randy 'Duke' Cunningham (R-Calif.)
John T. Doolittle (R-Calif.)
Phil English (R-Pa.)
Terry Everett (R-Ala.)
Ernest J. Istook (R-Okla.)
John R. Kasich (R-Ohio)
Joseph K. Knollenberg (R-Mich.)
John Linder (R-Ga.)
Donald Manzullo (R-Ill.)
Susan Molinari (R-N.Y.)
Robert William Ney (R-Ohio)
Mike Parker (R-Miss.)
Edward Royce (R-Calif.)
F. James Sensenbrenner (R-Wis.)
Lamar Smith (R-Texas)

Bill Summary

Neutral Cost Recovery Act of 1995 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for certain property placed in service after December 31, 1994. Increases the dollar limitation on the deduction to expense depreciable business assets.

(Source: Library of Congress)

Bill Actions

Date	Description
	Referred to the House Committee on Ways and Means.
	Sponsor introductory remarks on measure.
	Sponsor introductory remarks on measure.
	See H.R.1215.
Jan. 4, 1995	Introduced in the House by Nick Smith (R-Mich.)

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Bill Summary

Introduced in the House by Nick Smith (R-Mich.)