A bill to amend the Internal Revenue Code of 1986 to treat trees and vines producing fruit, nuts, or other crops as placed in service in the year in which it is planted for purposes of special allowance for depreciation.

Summary

Official

Amends the Internal Revenue Code to treat trees or vines producing fruit, nuts, or other crops as placed in service in the year in which they are planted for purposes of the additional 50% bonus depreciation allowance.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(7/16/09)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. BOXER

(D) CA – 6

Cosponsors (7)

NELSON

(D) FL

Feinstein

(D) CA

CHAMBLISS

(R) GA

Gillibrand

Senate (D) New York

Stabenow

(D) MI

Cantwell

Senate (D) Washington

Wyden

Senate (D) Oregon

Topics

Health

Business & Finance

Environment & Public Lands

Latest Action

Read twice and referred to the Committee on Finance.

Jul 16, 2009