Amends the Internal Revenue Code to provide that amounts paid or incurred to acquire customer base, market share, or any similar intangible item shall be treated as paid or incurred for intangible property with an indeterminate useful life for purposes of determining the depreciation deduction.
Pocket Vetoed by President.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Hearings Held.
Committee Hearings Held.
See H.R.11.
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