H.R. 9761 · 118th Congress · 2023–2024
To amend the Internal Revenue Code of 1986 to allow an increased dollar limitation for section 179 property placed in service in the trade or business of farming.
H.R. 9761 in the 118th Congress (2023–2024) was introduced on Sep 23, 2024, sponsored by Greg Lopez.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Sep 23, 2024
- Co-sponsors
- 0
- Policy area
- Taxation
What it does
This bill increases the limitation on the deduction for business expenses related to depreciable assets under Internal Revenue Code §179 (expense deduction) for qualified property placed into service by a taxpayer in the trade or business of farming (qualified farming property).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Where it stands
- IntroducedSep 23, 2024
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Sep 23, 2024)
More bills from Greg Lopez in the 118th Congress
Other Taxation bills in the 118th Congress
- H.R. 1432: VETT Act
- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 9761 (118th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/118-hr-9761/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).