I 111th CONGRESS 1st Session H. R. 4186 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.

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.