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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.

USA115th CongressS-1422| Senate 
| Updated: 6/22/2017
Amy Klobuchar

Amy Klobuchar

Democratic Senator

Minnesota

Cosponsors (2)
Jon Tester (Democratic)Pat Roberts (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agriculture Equipment and Machinery Depreciation Act This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.
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Timeline
Jun 22, 2017
Introduced in Senate
Jun 22, 2017
Read twice and referred to the Committee on Finance.
Jul 27, 2017

Latest Companion Bill Action

HR 115-3455
Introduced in House
  • June 22, 2017
    Introduced in Senate


  • June 22, 2017
    Read twice and referred to the Committee on Finance.


  • July 27, 2017

    Latest Companion Bill Action

    HR 115-3455
    Introduced in House

Taxation

Related Bills

  • HR 115-3455: To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
Agricultural equipment and machineryBusiness investment and capitalIncome tax deductions

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.

USA115th CongressS-1422| Senate 
| Updated: 6/22/2017
Agriculture Equipment and Machinery Depreciation Act This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 22, 2017
Introduced in Senate
Jun 22, 2017
Read twice and referred to the Committee on Finance.
Jul 27, 2017

Latest Companion Bill Action

HR 115-3455
Introduced in House
  • June 22, 2017
    Introduced in Senate


  • June 22, 2017
    Read twice and referred to the Committee on Finance.


  • July 27, 2017

    Latest Companion Bill Action

    HR 115-3455
    Introduced in House
Amy Klobuchar

Amy Klobuchar

Democratic Senator

Minnesota

Cosponsors (2)
Jon Tester (Democratic)Pat Roberts (Republican)

Finance Committee

Taxation

Related Bills

  • HR 115-3455: To amend the Internal Revenue Code of 1986 to treat certain farming business machinery and equipment as 5-year property for purposes of depreciation.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural equipment and machineryBusiness investment and capitalIncome tax deductions