S. 1864 · 109th Congress · 2005–2006
A bill to amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
S. 1864 in the 109th Congress (2005–2006) was introduced on Oct 7, 2005, sponsored by Jim Talent with 14 co-sponsors.
During the 109th Congress (2005–2006), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Oct 7, 2005
- Co-sponsors
- 14
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to allow a five-year depreciation recovery period for certain farming business machinery or equipment placed in service before January 1, 2010.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Jim Talent (R-MO). Co-sponsors: 6 Democrats, 8 Republicans.
Where it stands
- IntroducedOct 7, 2005
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Oct 7, 2005)
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- H.R. 4440: Gulf Opportunity Zone Act of 2005
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- H.R. 1499: Heroes Earned Retirement Opportunities Act
- H.R. 6111: Tax Relief and Health Care Act of 2006
- H.R. 6131: To permit certain expenditures from the Leaking Underground Storage Tank Trust Fund.
- H.R. 6429: Fallen Firefighters Assistance Tax Clarification Act of 2006
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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