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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Capital Cost Recovery Act of 1979

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

A bill to amend the Internal Revenue Code of 1954 to provide a system of capital recovery for investment in plant and equipment, and to encourage economic growth and modernization through increased capital investment and expended employment opportunities.

Actions Overview (1)

Date Actions Overview
06/27/1979Introduced in House

All Actions (2)

Date All Actions
06/27/1979Referred to House Committee on Ways and Means.
Action By: House of Representatives
06/27/1979Introduced in House
Action By: House of Representatives

Cosponsors (312)

Congress.gov databases include cosponsorship dates (including identification of "original" cosponsors) since 1981 (97th Congress). Prior to 1981, you may be able to find some information online, but often the information is available only in print form.

Rep. Conable, Barber B., Jr. [R-NY-35]
Rep. Abdnor, James [R-SD-2]
Rep. Anderson, John B. [R-IL-16]
Rep. Andrews, Mark [R-ND-At Large]
Rep. Archer, Bill [R-TX-7]
Rep. AuCoin, Les [D-OR-1]
Rep. Badham, Robert E. [R-CA-40]
Rep. Bafalis, L. A. (Skip) [R-FL-10]
Rep. Bailey, Donald A. [D-PA-21]
Rep. Barnard, Doug, Jr. [D-GA-10]
Rep. Bauman, Robert E. [R-MD-1]
Rep. Benjamin, Adam, Jr. [D-IN-1]
Rep. Bethune, Ed [R-AR-2]
Rep. Brown, Clarence, Jr. [R-OH-7]
Rep. Broyhill, James T. [R-NC-10]
Rep. Buchanan, John [R-AL-6]
Rep. Burgener, Clair W. [R-CA-43]
Rep. Butler, M. Caldwell [R-VA-6]
Rep. Campbell, Carroll A., Jr. [R-SC-4]
Rep. Carney, William [R-NY-1]
Rep. Carter, Tim Lee [R-KY-5]
Rep. Chappell, Bill, Jr. [D-FL-4]
Rep. Cheney, Dick [R-WY-At Large]
Rep. Clausen, Don H. [R-CA-2]
Rep. Cleveland, James C. [R-NH-2]
Rep. Clinger, William F., Jr. [R-PA-5]
Rep. Collins, James M. [R-TX-3]
Rep. Corcoran, Tom [R-IL-15]
Rep. Coughlin, Lawrence [R-PA-13]
Rep. Courter, Jim [R-NJ-12]
Rep. Daniel, Robert W., Jr. [R-VA-4]
Rep. Dannemeyer, William E. [R-CA-39]
Rep. Derrick, Butler C. [D-SC-3]
Rep. Derwinski, Edward J. [R-IL-4]
Rep. Devine, Samuel L. [R-OH-12]
Rep. Dickinson, William L. [R-AL-2]
Rep. Dornan, Robert K. [R-CA-27]
Rep. Duncan, John J. [R-TN-2]
Rep. Edgar, Robert W. [D-PA-7]
Rep. Edwards, Jack [R-AL-1]
Rep. Edwards, Mickey [R-OK-5]
Rep. Erdahl, Arlen [R-MN-1]
Rep. Erlenborn, John N. [R-IL-14]
Rep. Evans, Thomas B., Jr. [R-DE-At Large]
Rep. Fenwick, Millicent H. [R-NJ-5]
Rep. Frenzel, Bill [R-MN-3]
Rep. Gibbons, Sam [D-FL-7]
Rep. Gingrich, Newt [R-GA-6]
Rep. Glickman, Dan [D-KS-4]
Rep. Goldwater, Barry, Jr. [R-CA-20]
Rep. Goodling, William F. [R-PA-19]
Rep. Gradison, Willis D., Jr. [R-OH-1]
Rep. Grassley, Chuck [R-IA-3]
Rep. Green, S. William [R-NY-18]
Rep. Grisham, Wayne R. [R-CA-33]
Rep. Guyer, Tennyson [R-OH-4]
Rep. Hagedorn, Thomas M. [R-MN-2]
Rep. Hammerschmidt, John P. [R-AR-3]
Rep. Hansen, George V. [R-ID-2]
Rep. Hillis, Elwood H. [R-IN-5]
Rep. Holt, Marjorie S. [R-MD-4]
Rep. Horton, Frank J. [R-NY-34]
Rep. Hyde, Henry J. [R-IL-6]
Rep. Ireland, Andrew P. [D-FL-8]
Rep. Jeffries, Jim [R-KS-2]
Rep. Jenrette, John W., Jr. [D-SC-6]
Rep. Johnson, James P. (Jim) [R-CO-4]
Rep. Kelly, Richard [R-FL-5]
Rep. Kemp, Jack [R-NY-38]
Rep. Kindness, Thomas N. [R-OH-8]
Rep. LaFalce, John J. [D-NY-36]
Rep. Lagomarsino, Robert J. [R-CA-19]
Rep. Latta, Delbert L. [R-OH-5]
Rep. Leach, James A. [R-IA-1]
Rep. Leach, Claude (Buddy), Jr. [D-LA-4]
Rep. Lee, Gary A. [R-NY-33]
Rep. Lent, Norman F. [R-NY-4]
Rep. Lewis, Jerry [R-CA-41]
Rep. Livingston, Bob [R-LA-1]
Rep. Loeffler, Tom [R-TX-21]
Rep. Lott, Trent [R-MS-5]
Rep. Lujan, Manuel, Jr. [R-NM-1]
Rep. Lungren, Daniel E. [R-CA-3]
Rep. Madigan, Edward R. [R-IL-21]
Rep. Marks, Marc L. [R-PA-24]
Rep. Marriott, David Daniel [R-UT-2]
Rep. Martin, James G. [R-NC-9]
Rep. Mathis, Dawson [D-GA-2]
Rep. Matsui, Robert T. [D-CA-5]
Rep. McDade, Joseph M. [R-PA-10]
Rep. McEwen, Robert C. [R-NY-30]
Rep. McKay, K. Gunn [D-UT-1]
Rep. McKinney, Stewart B. [R-CT-4]
Rep. Michel, Robert H. [R-IL-18]
Rep. Miller, Clarence E. [R-OH-10]
Rep. Mineta, Norman Y. [D-CA-13]
Rep. Moore, W. Henson [R-LA-6]
Rep. Murphy, Austin J. [D-PA-22]
Rep. Murtha, John P. [D-PA-12]
Rep. Myers, John T. [R-IN-7]
Rep. Neal, Stephen L. [D-NC-5]
Rep. Nowak, Henry [D-NY-37]
Rep. O'Brien, George M. [R-IL-17]
Rep. Pashayan, Charles, Jr. [R-CA-17]
Rep. Patten, Edward J. [D-NJ-15]
Rep. Preyer, Richardson [D-NC-6]
Rep. Pritchard, Joel [R-WA-1]
Rep. Quillen, James H. (Jimmy) [R-TN-1]
Rep. Railsback, Thomas F. [R-IL-19]
Rep. Regula, Ralph [R-OH-16]
Rep. Rhodes, John J. [R-AZ-1]
Rep. Ritter, Don [R-PA-15]
Rep. Robinson, J. Kenneth [R-VA-7]
Rep. Rose, Charlie [D-NC-7]
Rep. Roth, Toby [R-WI-8]
Rep. Rousselot, John H. [R-CA-26]
Rep. Sawyer, Harold S. [R-MI-5]
Rep. Schulze, Richard T. [R-PA-5]
Rep. Seiberling, John F. [D-OH-14]
Rep. Sensenbrenner, F. James, Jr. [R-WI-5]
Rep. Symms, Steven D. [R-ID-1]
Rep. Synar, Mike [D-OK-2]
Rep. Tauke, Thomas Joseph [R-IA-2]
Rep. Thomas, William M. [R-CA-22]
Rep. Trible, Paul S., Jr. [R-VA-1]
Rep. Vander Jagt, Guy [R-MI-9]
Rep. Watkins, Wes [D-OK-3]
Rep. Walker, Robert S. [R-PA-16]
Rep. Whitehurst, G. William [R-VA-2]
Rep. Williams, Lyle [R-OH-17]
Rep. Wilson, Charles [D-TX-2]
Rep. Winn, Larry, Jr. [R-KS-3]
Rep. Wydler, John W. [R-NY-5]
Rep. Wylie, Chalmers P. [R-OH-15]
Rep. McCloskey, Paul N., Jr. [R-CA-12]
Rep. Rudd, Eldon D. [R-AZ-4]
Rep. Shelby, Richard C. [D-AL-7]
Rep. Shumway, Norman D. [R-CA-14]
Rep. Smith, Virginia [R-NE-3]
Rep. Snowe, Olympia J. [R-ME-2]
Rep. Solomon, Gerald B. H. [R-NY-22]
Rep. Spence, Floyd [R-SC-2]
Rep. Stangeland, Arlan [R-MN-7]
Rep. Stanton, J. William [R-OH-11]
Rep. Steed, Tom [D-OK-4]
Rep. Stockman, David A. [R-MI-4]
Rep. Atkinson, Eugene V. [D-PA-25]
Rep. Beard, Robin [R-TN-6]
Rep. Brinkley, Jack [D-GA-3]
Rep. Broomfield, William S. [R-MI-19]
Rep. Coelho, Anthony Lee [D-CA-15]
Rep. Conte, Silvio O. [R-MA-1]
Rep. Crane, Philip M. [R-IL-12]
Rep. Daniel, W. C. (Dan) [D-VA-5]
Rep. Davis, Robert W. [R-MI-11]
Rep. Ertel, Allen E. [D-PA-17]
Rep. Fithian, Floyd J. [D-IN-2]
Rep. Gray, William H., III [D-PA-2]
Rep. Gudger, V. Lamar [D-NC-11]
Rep. Hall, Sam B., Jr. [D-TX-1]
Rep. Heckler, Margaret M. [R-MA-10]
Rep. Howard, James J. [D-NJ-3]
Rep. Kostmayer, Peter H. [D-PA-8]
Rep. McClory, Robert [R-IL-13]
Rep. McDonald, Lawrence P. [D-GA-7]
Rep. Mavroules, Nicholas [D-MA-6]
Rep. Mitchell, Donald J. [R-NY-31]
Rep. Montgomery, G. V. (Sonny) [D-MS-3]
Rep. Mottl, Ronald M. [D-OH-23]
Rep. Murphy, Morgan F. [D-IL-2]
Rep. Quayle, Dan [R-IN-4]
Rep. Walgren, Doug [D-PA-18]
Rep. Yatron, Gus [D-PA-6]
Rep. Hamilton, Lee H. [D-IN-9]
Rep. Byron, Beverly B. [D-MD-6]
Rep. Davis, Mendel J. [D-SC-1]
Rep. Frost, Martin [D-TX-24]
Rep. Hance, Kent R. [D-TX-19]
Rep. Harsha, William H. [R-OH-6]
Rep. Kramer, Ken [R-CO-5]
Rep. Leath, Marvin [D-TX-11]
Rep. Luken, Thomas A. [D-OH-2]
Rep. Sebelius, Keith G. [R-KS-1]
Rep. Stump, Bob [D-AZ-3]
Rep. Wyatt, Joe, Jr. [D-TX-14]
Rep. Albosta, Donald J. [D-MI-10]
Rep. Dougherty, Charles F. [R-PA-4]
Rep. English, Glenn [D-OK-6]
Rep. Foley, Thomas S. [D-WA-5]
Rep. Forsythe, Edwin B. [R-NJ-6]
Rep. Hubbard, Carroll, Jr. [D-KY-1]
Rep. Huckaby, Thomas J. (Jerry) [D-LA-5]
Rep. Mikva, Abner J. [D-IL-10]
Rep. Smith, Neal Edward [D-IA-4]
Rep. Snyder, M. G. (Gene) [R-KY-4]
Rep. Stenholm, Charles W. [D-TX-17]
Rep. Whittaker, Bob [R-KS-5]
Rep. Richmond, Frederick W. [D-NY-14]
Rep. Akaka, Daniel K. [D-HI-2]
Rep. Alexander, Bill [D-AR-1]
Rep. Applegate, Douglas [D-OH-18]
Rep. Bevill, Tom [D-AL-4]
Rep. Lloyd, Marilyn [D-TN-3]
Rep. Bowen, David R. [D-MS-2]
Rep. Breaux, John B. [D-LA-7]
Rep. Daschle, Thomas A. [D-SD-At Large]
Rep. Flippo, Ronnie G. [D-AL-5]
Rep. Fowler, Wyche, Jr. [D-GA-5]
Rep. Ginn, Bo [D-GA-1]
Rep. Guarini, Frank J. [D-NJ-14]
Rep. Hefner, W. G. (Bill) [D-NC-8]
Rep. Hinson, Jon C. [R-MS-4]
Rep. Holland, Kenneth L. [D-SC-5]
Rep. Lederer, Raymond F. [D-PA-3]
Rep. Lehman, William [D-FL-13]
Rep. Mazzoli, Romano L. [D-KY-3]
Rep. Nelson, Bill [D-FL-11]
Rep. Nichols, Bill [D-AL-3]
Rep. Pepper, Claude [D-FL-14]
Rep. Price, Melvin [D-IL-23]
Rep. Rahall, Nick J., II [D-WV-4]
Rep. Shuster, Bud [R-PA-9]
Rep. Emery, David F. [R-ME-1]
Rep. Jones, Ed [D-TN-7]
Rep. Anthony, Beryl, Jr. [D-AR-4]
Rep. Kogovsek, Ray [D-CO-3]
Rep. Roe, Robert A. [D-NJ-8]
Rep. Skelton, Ike [D-MO-4]
Rep. de la Garza, E. [D-TX-15]
Rep. Moorhead, Carlos J. [R-CA-22]
Rep. Hanley, James M. [D-NY-32]
Rep. Jeffords, James M. [R-VT-At Large]
Rep. Mollohan, Robert H. [D-WV-1]
Rep. Slack, John [D-WV-3]
Rep. Fazio, Vic [D-CA-3]
Rep. Zablocki, Clement J. [D-WI-4]
Rep. Murphy, John M. [D-NY-17]
Rep. Deckard, Joel [R-IN-8]
Rep. Natcher, William H. [D-KY-2]
Rep. Young, Robert A. [D-MO-2]
Rep. Flood, Daniel J. [D-PA-11]
Rep. D'Amours, Norman E. [D-NH-1]
Rep. Staggers, Harley O. [D-WV-2]
Rep. Taylor, G. [R-MO-7]
Rep. Patterson, Jerry M. [D-CA-38]
Rep. Blanchard, James [D-MI-18]
Rep. Hopkins, Larry J. [R-KY-6]
Rep. Myers, Michael O. [D-PA-1]
Rep. Zeferetti, Leo C. [D-NY-15]
Rep. Lloyd, James F. [D-CA-35]
Rep. White, Richard C. [D-TX-16]
Rep. Hollenbeck, Harold C. [R-NJ-9]
Rep. Annunzio, Frank [D-IL-11]
Rep. Wilson, Robert C. [R-CA-41]
Rep. Fountain, L. H. [D-NC-2]
Rep. Swift, Al [D-WA-2]
Rep. Paul, Ron [R-TX-14]
Rep. Fish, Hamilton, Jr. [R-NY-25]
Rep. Dingell, John D. [D-MI-16]
Rep. Donnelly, Brian J. [D-MA-11]
Rep. Long, Gillis W. [D-LA-8]
Rep. Santini, James D. [D-NV-98]
Rep. Thompson, Frank, Jr. [D-NJ-4]
Rep. Coleman, E. Thomas [R-MO-6]
Rep. Findley, Paul [R-IL-20]
Rep. McCormack, Mike [D-WA-4]
Rep. Pursell, Carl D. [R-MI-2]
Rep. Dodd, Christopher J. [D-CT-2]
Rep. Harkin, Tom [D-IA-5]
Rep. Hall, Tony P. [D-OH-3]
Rep. Beard, Edward [D-RI-2]
Rep. Dicks, Norman D. [D-WA-6]
Rep. Johnson, Harold T. [D-CA-1]
Rep. Jacobs, Andrew, Jr. [D-IN-11]
Rep. Andrews, Ike [D-NC-4]
Rep. Ashbrook, John M. [R-OH-17]
Rep. Bedell, Berkley W. [D-IA-6]
Rep. Volkmer, Harold L. [D-MO-9]
Rep. Runnels, Harold L. [D-NM-2]
Rep. Fary, John G. [D-IL-5]
Rep. Kazen, Abraham, Jr. [D-TX-23]
Rep. McHugh, Matthew F. [D-NY-27]
Rep. Stack, Edward J. [D-FL-12]
Rep. Evans, Billy Lee [D-GA-8]
Rep. Mattox, James A. [D-TX-5]
Rep. Aspin, Les [D-WI-1]
Rep. Barnes, Michael D. [D-MD-8]
Rep. Mica, Daniel Andrew [D-FL-14]
Rep. Whitley, Charles O., Sr. [D-NC-3]
Rep. Whitten, Jamie L. [D-MS-1]
Rep. Young, Don [R-AK-At Large]
Rep. Lowry, Mike [D-WA-7]
Rep. Hutto, Earl [D-FL-1]
Rep. Sharp, Philip R. [D-IN-10]
Rep. Hightower, Jack E. [D-TX-13]
Rep. Duncan, Robert B. [D-OR-3]
Rep. Bonior, David E. [D-MI-12]
Rep. Traxler, Bob [D-MI-8]
Rep. Boggs, Corinne C. (Lindy) [D-LA-2]
Rep. Brooks, Jack B. [D-TX-9]
Rep. Gephardt, Richard A. [D-MO-3]
Rep. Markey, Edward J. [D-MA-7]
Rep. Wolff, Lester L. [D-NY-6]
Rep. Fisher, Joesph L. [D-VA-10]
Rep. Ambro, Jerome A. [D-NY-3]
Rep. Wright, James C., Jr. [D-TX-12]
Rep. Evans, David W. [D-IN-6]
Rep. Royer, William [R-CA-11]
Rep. Petri, Thomas E. [R-WI-6]
Rep. Porter, John Edward [R-IL-10]
Rep. Musto, Raphael [D-PA-11]
Rep. Tauzin, W. J. (Billy) [D-LA-3]

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means06/27/1979 Referred to

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Subjects (10)

Latest Summary (1)

There is one summary for H.R.4646. View summaries

Shown Here:
Introduced in House (06/27/1979)

Capital Cost Recovery Act of 1979 - Amends the Internal Revenue Code to revise the method for determining useful lives of business assets for purposes of computing allowable depreciation deductions. Replaces the asset depreciation range (ADR) method with a schedule of capital cost recovery periods for three classes of business property.

Establishes capital cost recovery periods for the following classes of business property: (1) buildings and their structural components, ten years; (2) tangible property, five years; and (3) automobiles, taxis, and light-duty trucks (up to $100,000), three years. Allows a ten percent investment tax credit for buildings and tangible property, and a six percent credit for automobiles, taxis, and light duty trucks. Requires the recapture of depreciation amounts and investment tax credit amounts applicable to assets which are sold or otherwise disposed of prior to the expiration of the capital cost recovery period. Permits taxpayer to deduct less than the full allowance for capital cost recovery in any taxable year. Permits a carryover to succeeding taxable years of any unused depreciation amounts.

Disqualifies capital cost recovery property from the allowance for first year depreciation.

Treats amounts claimed as the capital cost recovery of noncorporate lessors as an item of tax preference for purposes of the minimum tax.

Adopts as an accounting practice the "half year convention" under which investments eligible for capital cost recovery treatment or the investment tax credit which are made at any time during the taxable year are deemed to be made in the middle of such year.