legislation: 98-s-2232

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
98-s-2232 98 s 2232 A bill to amend the Internal Revenue Code of 1954 to limit the amount of depreciation, investment tax credit, and deductions allowable for luxury automobiles. Taxation 1984-01-30 1984-07-18 Provisions Concerning Luxury Automobiles Contained in Sect. 179, Subtitle L of H.R.4170. Senate Sen. Moynihan, Daniel Patrick [D-NY] NY D M001054 3 Amends the Internal Revenue Code to limit the basis of passenger automobiles to $15,000 for purposes of determining the amount of depreciation and investment tax credit allowable. Allows for an automobile price inflation adjustment (if required) for the calendar year in which the automobile is placed in service. Limits the amount that can be deducted as an ordinary and necessary business expense for leasing automobiles for periods longer than one month. 2025-01-03T19:04:17Z https://www.congress.gov/bill/98th-congress/senate-bill/2232

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