S.700 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.

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  • Official: A bill to amend the Internal Revenue Code of 1986 to permanently extend the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/30/11
 
 
 
 
 
 
 

Sponsor

Senator

Amy Klobuchar

D-MN

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Committees

Official Summary

3/31/2011--Introduced.Amends the Internal Revenue Code to make permanent the classification of certain farming business machinery and equipment as five-year property for purposes of the tax deduction for depreciation.




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