A bill to amend the Internal Revenue Code of 1954 to encourage manufacturing-related investments in any State which has an unemployment rate exceeding 6 percent.
Accelerated Depreciation Allowance Act - Amends the Internal Revenue Code to allow taxpayers to elect accelerated amortization (twice the allowable depreciation deduction) for manufacturing property placed in service in States having an unemployment rate which is greater than six percent between October 1, 1976 and October 1, 1981.
Referred to House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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