Congress: 107th

Sponsor: Representative Upton, Fred (10/02/2001)

Committees: House - Ways and Means

Description: To amend the Internal Revenue Code of 1986 to establish a 2-year recovery period for depreciation of computers and other technological equipment, a 24-month useful life for depreciation of computer software, and a 7-year useful life for depreciation of certain auction-acquired telecommunications licenses.

Lastest Action: 10/02/2001 Referred to the House Committee on Ways and Means.  (All Actions)

Official: H.R.2981 -- 107th Congress