Summary: H.R.2456 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.2456. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/17/1993)

Amends the Internal Revenue Code to classify certain environmental property used for pollution abatement as five-year depreciation property for purposes of the accelerated cost recovery system and the alternative depreciation system. Excepts such property from depreciation rules for purposes of adjustments in computing alternative minimum taxable income. Repeals the deduction for amortization of pollution control facilities.