A bill to amend the Internal Revenue Code of 1986 to provide that the deduction for depreciation shall be computed on a neutral cost recovery basis, and for other purposes.
Investment Tax Incentive Act of 1993 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for property placed in service after December 31, 1992.
Repeals the special depreciation rules applicable under the adjusted current earnings provisions of the minimum tax.
Sponsor introductory remarks on measure. (CR H6460)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7237-7238)
Read twice and referred to the Committee on Finance.
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