S. 391 — A bill to repeal the denial of the use of the accelerated cost recovery system with respect to tax-exempt obligations, and the expiration of the authority to issue such obligations.

Summary

Amends the Tax Equity and Fiscal Responsibility Act of 1982 to repeal provisions which disallow the accelerated cost recovery deductions for property financed with tax-exempt securities.

Repeals the 1986 expiration date for the authority to issue such tax-exempt securities.

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Related Legislation

H.R. 3408A bill to repeal the denial of the use of the accelerated cost recovery system with respect to tax-exempt obligations and the expiration of the authority to issue such obligations.
1983-06-23Referred to House Committee on Ways and Means.
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Legislative Actions

1983-02-02
Introduced in Senate
1983-02-02
Read twice and referred to the Committee on Finance.
1983-02-07
Committee on Finance requested executive comment from OMB, Treasury Department.

A bill to repeal the denial of the use of the accelerated cost recovery system with respect to tax-exempt obligations, and the expiration of the authority to issue such obligations.

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