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senate Bill S. 494

A bill to amend the Internal Revenue Code of 1986 to expand the types of livestock for which bonus depreciation is available.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on Finance
    IntroducedMarch 7th, 2013

Bill Details

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Official Title

A bill to amend the Internal Revenue Code of 1986 to expand the types of livestock for which bonus depreciation is available.

Summary

Amends the Internal Revenue Code to allow the special depreciation allowance (bonus depreciation) for dairy producing calves and cows purchased for business use, regardless of whether the original use of such livestock commenced with another taxpayer.

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