To amend the Internal Revenue Code of 1986 to extend for 2 years the treatment of certain farming business machinery and equipment as 5-year property for purposes of depreciation.
Legislative Progress
Momentum (last 30 days)
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score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 6,490 other HR bills in the 111th — cohort avg 44d
No CRS summary is available for this bill yet. The source title, actions, sponsors, and text versions below come from Congress.gov.
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Filing registrants (3)
2009 · fourth_quarter · Taxation/Internal Revenue Code
Support UBIT extension; Estate Tax/support HR 3905/support amendment to HR4154 to indes for inflation; support HR 4186/extension of depriciation for farm equipment;
Client expense: $34,827 · Firm income: Not reported
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, Risk Management Agency, SENATE, U.S. Trade Representative (USTR)
2009 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4186. Support passage of this bill to reduce the number of years farm and ranch equipment is depreciated over from 7 years to 5 years. Belong to an industry coalition that opposes changes by IRS in the LIFO method of inventory accounting for tax purposes. In addition, involved with a service provider's efforts to recognize a "tool reimbursement" program for technicians by IRS. Submitted comments to the President's Economic Recovery Advisory Board on tax reform options for PERAB consideration.
Client expense: $19,037 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Energy, Dept of, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), SENATE, White House Office
2009 · fourth_quarter · Taxation/Internal Revenue Code
S. 1589 - The Biodiesel Tax Incentive Reform and Extension Act S. 1313 - The Good Samaritan Hunger Relief Tax Incentive Extension Act of 2009 H.R. 3227 To make the donations of foods tax deductible H.R. 4213 - Tax extender bill H.R. 436 To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, and for other purposes. H.R. 3905 Estate Tax Relief Act of 2009 S. 2784 to make the 2009 exemption and rate permanent for estate taxes and index the exemption for inflation. H.R. 4154 Permanent Estate Tax relief for Families, Farmers and Small Businesses Act of 2009 H.R. 4186 to continue the five year depreciation for farm machinery and equipment for two years. H.R. 4070 to extend the biodiesel tax incentive for 5 years and change the incentive from a blenders excise tax credit to a production excise tax credit.
Client expense: $540,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Environmental Protection Agency (EPA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Labor, Dept of (DOL), SENATE, U.S. Trade Representative (USTR), White House Office
| Democratic |
| PA |
| Leonard L. Boswell | Democratic | IA |
| Lynn Jenkins | Republican | KS |
| Mark Souder | Republican | IN |
| Ron Paul | Republican | TX |
| Stephanie Herseth Sandlin | Democratic | SD |
| Wally Herger | Republican | CA |
| Walter Minnick | Democratic | ID |