Understanding the Capital Cost Recovery Act of 1979: A Move Towards Tax Simplification and Capital Formation, 1979-01-01 - 1979-12-31

Item

Identifier: CAC_CC_109_4_22_23_0015

Scope and Contents

The text is a response to a communication regarding H.R. 4646, the Capital Cost Recovery Act of 1979. The bill aims to simplify the tax code and promote capital formation by allowing for rapid depreciation of assets. It will not reduce the advantages of the Investment Tax Credit or prevent accelerated depreciation methods. The author requests support for the bill to encourage more capital investment in the private sector.

Dates

Creation: 1979-01-01 - 1979-12-31

Language of Materials

From the Collection:

English

Conditions Governing Access

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The following series are stored off-site: Clippings, Invitations, White House Records, and 2017 Accrual.