legislation: 97-hr-7306

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
97-hr-7306 97 hr 7306 A bill to amend the Internal Revenue Code of 1954 to deny the benefits of the accelerated cost recovery system to any business which does not expand its employment. Taxation 1982-11-29 1982-11-29 Referred to House Committee on Ways and Means. House Rep. Bennett, Charles E. [D-FL-3] FL D B000371 0 Amends the Internal Revenue Code to provide that the accelerated cost recovery deduction shall not exceed the depreciation available under the asset depreciation range system or 200 percent of the wages paid to new employees. Provides an exception from such requirement for small businesses whose depreciation deduction does not exceed $5,000. 2024-02-07T16:32:33Z  

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