Summary: S.2742 — 95th Congress (1977-1978)All Information (Except Text)

There is one summary for S.2742. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (03/14/1978)

Small Business Simplification Reform Act - Amends the Internal Revenue Code to permit a taxpayer, in calculating depreciation allowances of property, to apply a 36-month useful life computed under the straight-line method for up to $100,000 of basis of property.