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S. 1216

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.
About This Bill
Committee
Latest Action · April 11, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
April 11, 2019
Cosponsors (0)
None
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Summary

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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 2017.)

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