To amend the Internal Revenue Code of 1986 to extend for 2 years the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.
Last action on Dec 2, 2009Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to extend through 2011 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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