H.R.1492: To amend the Internal Revenue Code of 1986 to enhance the competitiveness of the United States leasing industry.

About This Bill

Bill Summary

Amends Internal Revenue Code provisions concerning the accelerated cost recovery system to provide that the alternative depreciation system shall be used for tangible property leased to a foreign person or entity.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
April 4, 2001

Introduced in the House by Robert T. Matsui (D-Calif.)

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