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- S.700
S.700: A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 31, 2011
- Latest Major Action March 31, 2011
Bill Sponsor
Bill Cosponsors
11 (3 Democrats, 8 Republicans)
Bill Summary
Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| March 31, 2011 |
Introduced in the Senate by Amy Klobuchar (D-Minn.) |