Summary: H.R.5588 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for H.R.5588. Bill summaries are authored by CRS.

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Introduced in House (03/24/1977)

Accelerated Depreciation Allowance Act - Amends the Internal Revenue Code to allow taxpayers to elect accelerated amortization (twice the allowable depreciation deduction) for manufacturing property placed in service in States having an unemployment rate which is greater than six percent between October 1, 1976 and October 1, 1981.