3.0.0 9761 2024-12-16T19:16:31Z 2024-12-16T19:16:31Z House H HR 2024-09-23 118 hswm00 Ways and Means Committee House Standing Referred to 2024-09-23T16:02:20Z 2024-09-23 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2024-09-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2024-09-23 Introduced in House IntroReferral 1000 9 Library of Congress L000604 Rep. Lopez, Greg [R-CO-4] Greg Lopez R CO 4 N Taxation Taxation 2024-11-01T10:37:45Z

00 2024-09-23 Introduced in House 2024-11-04T23:54:22Z <p>This bill increases the limitation on the deduction for business expenses related to depreciable assets under Internal Revenue Code §179 (expense deduction) for qualified property placed into service by a taxpayer in the trade or business of farming (qualified farming property). The expense deduction limit is increased for qualified farming property to $1,500,000 from $1,250,000 (in 2025) and is adjusted for inflation for tax years beginning after 2025.</p>

Official Title as Introduced 6 2024-10-07T21:48:15Z Introduced in House IH Display Title 45 2024-09-24T08:06:17Z Introduced in House 2024-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr9761ih/xml/BILLS-118hr9761ih.xml 2024-09-23 Referred to the House Committee on Ways and Means. 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.