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- S.1461
S.1461: A bill to amend the Internal Revenue Code of 1986 to treat trees and vines producing fruit, nuts, or other crops as placed in service in the year in which it is planted for purposes of special allowance for depreciation.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 16, 2009
- Latest Major Action July 16, 2009
Bill Sponsor
Bill Cosponsors
8 (8 Democrats, 1 Republican)
Bill Summary
Amends the Internal Revenue Code to treat trees or vines producing fruit, nuts, or other crops as placed in service in the year in which they are planted for purposes of the additional 50% bonus depreciation allowance.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| July 16, 2009 |
Introduced in the Senate by Barbara Boxer (D-Calif.) |