Amends the Internal Revenue Code to extend through 2011 the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.
[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4186 Introduced in House (IH)]
111th CONGRESS
1st Session
H. R. 4186
To amend the Internal Revenue Code of 1986 to extend for 2 years the
treatment of certain farming business machinery and equipment as 5-year
property for purposes of depreciation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
December 2, 2009
Mr. Pomeroy (for himself, Mr. Herger, Ms. Herseth Sandlin, and Mr.
Braley of Iowa) introduced the following bill; which was referred to
the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to extend for 2 years the
treatment of certain farming business machinery and equipment as 5-year
property for purposes of depreciation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. CERTAIN FARMING BUSINESS MACHINERY AND EQUIPMENT TREATED AS
5-YEAR PROPERTY.
(a) In General.--Clause (vii) of section 168(e)(3)(B) of the
Internal Revenue Code of 1986 (defining 5-year property) is amended by
striking ``January 1, 2010'' and inserting ``January 1, 1012''.
(b) Effective Date.--The amendments made by this section shall
apply to property placed in service after December 31, 2009.
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Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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