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- S.1216
S.1216: A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
About This Bill
- Introduced April 11, 2019
- Latest Major Action April 11, 2019
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 11, 2019
Bill Summary
This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2017.)
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 11, 2019 |
Read twice and referred to the Committee on Finance.
|
| April 11, 2019 |
Introduced in the Senate by James M. Inhofe (R-Okla.) |