H.R. 1492 — To amend the Internal Revenue Code of 1986 to enhance the competitiveness of the United States leasing industry.

Summary

Amends Internal Revenue Code provisions concerning the accelerated cost recovery system to provide that the alternative depreciation system shall be used for tangible property leased to a foreign person or entity.

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Legislative Actions

2001-04-04
Introduced in House
2001-04-04
Introduced in House
2001-04-04
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to enhance the competitiveness of the United States leasing industry.

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