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H.R. 2715, To amend the Internal Revenue Code of 1986 to include heavier vehicles in the limitation on the depreciation of certain luxury automobiles
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on July 12, 2007, 18:16:33 (webmaster):
H.R. 2715 would amend the Internal Revenue Code of 1986 to include heavier vehicles in the limitation on the depreciation of certain luxury automobiles.
== Detailed Summary ==
<summary>
(Log inAmends the Internal Revenue Code to editrevise the wiki and bedefinition of "passenger automobile" for purposes of the firstlimitation on depreciation for luxury automobiles to provide a detailed summarymean any four-wheeled vehicle which is: (1) primarily designed or used to carry passengers over public streets, roads, or highways; and (2) rated at 14,000 pounds unloaded gross vehicle weight or less. Adds an exemption from such definition for certain vehicles with open cargo areas which are designed for more than nine individuals in seating rearward of the bill!)driver's seat.
</summary>
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== Status of the Legislation ==
<status>
(Log inLatest Major Action: 6/14/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>
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== Points in Favor ==
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== Points Against ==
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