I 112th CONGRESS 1st Session H. R. 1747 IN THE HOUSE OF REPRESENTATIVES May 5, 2011 Mr. Herger (for himself, Mr. Kind, Mr. Burton of Indiana, Mr. Graves of Missouri, and Mr. Latham) 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 make permanent the rule treating certain farming business machinery and equipment as 5-year property.

1.

Permanent treatment of certain farming and business machinery and equipment as 5-year property

(a)

In general

Clause (vii) of section 168(e)(3)(B) of the Internal Revenue Code of 1986 is amended by striking , and which is placed in service before January 1, 2010. (b)

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2009.