A bill to amend the Internal Revenue Code of 1954 to provide accelerated and simplification depreciation for small business.
Small Business Depreciation Reform Act of 1979 - Amends the Internal Revenue Code to allow the straight line depreciation based on a period of 36 months of business property with a useful life of three years or more and a basis not in excess of $25,000.
Introduced in Senate
Referred to Senate Committee on Finance.
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