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.
Neutral Cost Recovery Act of 1995 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for certain property placed in service after December 31, 1994.
Increases the dollar limitation on the deduction to expense depreciable business assets.
For Further Action See H.R.2491.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H2155)
Sponsor introductory remarks on measure. (CR H2475)
See H.R.1215.
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