A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest and for other purposes.
Bill Information
Congress: 119
Bill Type: Senate Bill
Bill Number: 1688
Introduced: May 08, 2025
Primary Sponsor: Sen. John Barrasso
Status: Read twice and referred to the Committee on Finance. (text: CR S2841)
Full Title
A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest and for other purposes.
Legislative History
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Cosponsors
0 cosponsorsThis bill has no cosponsors.