H.R. 2280 — 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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S. 1621A 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.
2007-06-14Read twice and referred to the Committee on Finance.
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2007-05-10
Introduced in House
2007-05-10
Introduced in House
2007-05-10
Referred to the House Committee on Ways and Means.

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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