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- H.R.4474
H.R.4474: Fairness for Agricultural Machinery and Equipment Act
About This Bill
- Introduced Feb. 4, 2016
- Latest Major Action Feb. 4, 2016
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
26 (6 Democrats, 20 Republicans)
Bill Summary
Fairness for Agricultural Machinery and Equipment Act This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 4, 2016 |
Referred to the House Committee on Ways and Means.
|
| Feb. 4, 2016 |
Introduced in the House by Ralph Abraham (R-La.) |