H.R. 1499 — A bill to amend the Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.

Summary

Provides, under the Internal Revenue Code, that any capital expenditures incurred to connect a sewage line from the residence of a taxpayer to a municipal sewage system shall be considered to have been a depreciable capital expenditure incurred with respect to property held for the production of income. (Amends 26 U.S.C. 167)

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Related Legislation

H.R. 2256A bill to amend the Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.
1973-01-18Referred to House Committee on Ways and Means.
Related
H.R. 9156A bill to amend Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.
1973-07-10Referred to House Committee on Ways and Means.
Related
H.R. 9435A bill to amend the Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.
1973-07-19Referred to House Committee on Ways and Means.
Related

Legislative Actions

1973-01-09
Introduced in House
1973-01-09
Introduced in House
1973-01-09
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.

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