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- H.R.1802
H.R.1802: To amend the Internal Revenue Code of 1986 to modify the depreciation of property used in the generation of electricity.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced May 10, 2001
- Latest Major Action May 10, 2001
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 2 Republicans)
Bill Summary
Amends the Internal Revenue Code, with respect to the accelerated cost recovery system, to: (1) add property used in the generation of electricity to the definition of seven-year property; and (2) with respect to the special rules for determining class life, deem such property to have a ten-year class life.
(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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| May 10, 2001 |
Introduced in the House by Wally Herger (R-Calif.) |