[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4186 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4186

 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.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 2, 2009

  Mr. Pomeroy (for himself, Mr. Herger, Ms. Herseth Sandlin, and Mr. 
 Braley of Iowa) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CERTAIN FARMING BUSINESS MACHINERY AND EQUIPMENT TREATED AS 
              5-YEAR PROPERTY.

    (a) In General.--Clause (vii) of section 168(e)(3)(B) of the 
Internal Revenue Code of 1986 (defining 5-year property) is amended by 
striking ``January 1, 2010'' and inserting ``January 1, 1012''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2009.
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