Legis Daily

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

USA117th CongressS-1149| Senate 
| Updated: 4/15/2021
James M. Inhofe

James M. Inhofe

Republican Senator

Oklahoma

Cosponsors (4)
Cynthia M. Lummis (Republican)Roy Blunt (Republican)Mike Rounds (Republican)Lisa Murkowski (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2021.)
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-1216
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

Bill from Previous Congress

S 115-2675
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.

  • Bill from Previous Congress

    S 116-1216
    A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

  • Bill from Previous Congress

    S 115-2675
    A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
  • April 15, 2021
    Introduced in Senate
  • April 15, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Business investment and capitalIncome tax deductionsIndian social and development programsMinority and disadvantaged businesses

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

USA117th CongressS-1149| Senate 
| Updated: 4/15/2021
This bill modifies the requirements for calculating taxable income to make permanent the special depreciation rules for property used predominantly within an Indian reservation. (Under current law, the rules expired after 2021.)
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-1216
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

Bill from Previous Congress

S 115-2675
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.

  • Bill from Previous Congress

    S 116-1216
    A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

  • Bill from Previous Congress

    S 115-2675
    A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
  • April 15, 2021
    Introduced in Senate
  • April 15, 2021
    Read twice and referred to the Committee on Finance.
James M. Inhofe

James M. Inhofe

Republican Senator

Oklahoma

Cosponsors (4)
Cynthia M. Lummis (Republican)Roy Blunt (Republican)Mike Rounds (Republican)Lisa Murkowski (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalIncome tax deductionsIndian social and development programsMinority and disadvantaged businesses