S. 2815 — A bill to amend the Internal Revenue Code of 1954 to increase the class life variance for depreciation purposes.

Summary

Amends the Internal Revenue Code to increase from 20 percent to 40 percent the permissable variance from the useful life of property established by the Secretary of the Treasury for depreciation purposes.

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Legislative Actions

1978-03-23
Introduced in Senate
1978-03-23
Referred to Senate Committee on Finance.

A bill to amend the Internal Revenue Code of 1954 to increase the class life variance for depreciation purposes.

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