Summary: H.R.5440 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.5440. Bill summaries are authored by CRS.

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Introduced in House (06/18/1992)

Amends the Internal Revenue Code to repeal the special depreciation rules applicable under the adjusted current earnings provisions of the minimum tax. Requires the depreciation deduction with respect to any property for any taxable year beginning after December 31, 1991, to be the same as the depreciation deduction allowable in computing alternative minimum taxable income for such taxable year.