A bill to amend the Internal Revenue Code of 1954 to provide an investment tax credit of up to 20 percent of certain expenditures by the taxpayer for soil or water conservation.
Latest action. See H.R.4170.
Amends the Internal Revenue Code to provide an additional ten percent investment tax credit (for a total of 20 percent) for expenditures for soil and water conservation property. Defines 'soil and water conservation property' to mean irrigation property and that portion of the basis of qualified land which is attributable to conservation improvements made by the taxpayer. Requires that the qualified land be classified as highly erodible land. Provides that soil and water conservation property does not include that portion of the basis of property which is financed by any grant from the Government. Specifies that the useful life of soil and water conservation property will be seven years. Provides that soil or water conservation property shall cease to qualify for the investment tax credit provided by this Act if the taxpayer discontinues the business of farming within five years after the date on which the property was placed in service. Provides that the amount of the tax deduction allowed under the accelerated cost recovery system for irrigation property qualified under this Act shall be determined according to a straight line method of depreciation.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on May 8, 1984. It describes the bill, it is not the legal text.
See H.R.4170.
Civibrief does not map this action to a stage in the process. See the official record.
Where is it in the process, and what happens next?
The latest action on file does not map to a stage Civibrief recognizes, so the page will not name one. The record's own words are the reliable fact here.
The record's latest action, on June 27, 1984: See H.R.4170.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 98th Congress (1983-84), 623 of the 10,560 bills and joint resolutions introduced became law, about 5.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one has no outstanding steps listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
HAL DAUB (R-NE) introduced it on May 8, 1984, and 6 members have since signed on as cosponsors.
They come from both major parties: 2 Democrats, 4 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on May 8, 1984, 15513 days ago. The most recent recorded action was 15463 days ago, on June 27, 1984.
Measures do not carry over. Anything the 98th Congress has not finished by January 3, 1985 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseSee H.R.4170.
- SenateNot stated in the latest action
- PresidentNot stated in the latest action