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Searching...- Bills
- H.R.2485
H.R.2485: High Productivity Investment Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced July 12, 2001
- Latest Major Action July 12, 2001
Bill Sponsor
Bill Cosponsors
24 (5 Democrats, 1 Independent, 19 Republicans)
Bill Summary
High Productivity Investment Act of 2001 - Amends the Internal Revenue Code to establish two new depreciation provisions: (1) the rapid cost recovery system under which the cost of specified property may be depreciated more quickly than under current depreciation methods; and (2) the high productivity investment deduction under which the cost of specified property may be expensed.Modifies the alternative minimum tax.Directs the Secretary of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 12, 2001 |
Introduced in the House by Phil English (R-Pa.) |