A bill to amend the Internal Revenue Code of 1954 to provide simplification, reform, and relief for small business.
Small Business Simplification Reform Act - Amends the Internal Revenue Code to permit a taxpayer, in calculating depreciation allowances of property, to apply a 36-month useful life computed under the straight-line method for up to $100,000 of basis of property.
Introduced in Senate
Referred to Senate Committee on Finance.
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