S. 1864 — A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

Summary

Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.

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H.R. 4236To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
2005-11-04Referred to the House Committee on Ways and Means.
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Legislative Actions

2005-10-07
Introduced in Senate
2005-10-07
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.

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