Summary: H.R.4474 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4474. Bill summaries are authored by CRS.

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Introduced in House (02/04/2016)

Fairness for Agricultural Machinery and Equipment Act

This bill amends the Internal Revenue Code to eliminate the placed-in-service restriction on the depreciation of certain farming business machinery and equipment and to make permanent the five-year recovery period for such property.