3.0.0 319 2023-01-11T20:05:27Z 2023-01-11T20:05:27Z Senate S S 2007-01-17 110 ssfi00 Finance Committee Senate Standing Referred to 2007-01-17T20:37:19Z 2007-01-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-01-17 Introduced in Senate IntroReferral 10000 9 Library of Congress S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO N Taxation Agricultural machinery Agriculture and Food Automobiles Depreciation and amortization Economics and Public Finance Income tax Indexing (Economic policy) Tax deductions Transportation and Public Works Trucks Taxation

00 2007-01-17 Introduced in Senate 2007-02-01T20:55:22Z Reducing the Incentives to Guzzle Gas Act - Amends the Internal Revenue Code to: (1) include certain heavy vehicles (with a gross vehicle weight of between 6,000 and 14,000 pounds) as passenger vehicles to which the limitations on the depreciation allowed for luxury automobiles apply; (2) exempt vehicles used in a farming business from such depreciation limitations; (3) revise the limitation amounts for the depreciation of luxury automobiles; and (4) allow the expensing of up to $30,000 of the cost of vehicles used in a farming business.

]]>

Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-01-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s319is/xml/BILLS-110s319is.xml 2007-01-17 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.