Congress: 107th

Sponsor: Representative Foley, Mark (03/28/2001)

Committees: House - Ways and Means

Description: To amend the Internal Revenue Code of 1986 to allow taxpayers using the income forecast method of depreciation to treat costs contingent on income in the same manner as fixed costs to the extent determined by reference to the estimated income under such method, and for other purposes.

Lastest Action: 03/28/2001 Referred to the House Committee on Ways and Means.  (All Actions)

Official: H.R.1272 -- 107th Congress