A bill to amend the Internal Revenue Code of 1986 to classify qualified energy-efficient draft alcohol property as 15-year property for purposes of depreciation.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to classify qualified energy-efficient draft alcohol property as 15-year property for depreciation purposes. This would allow businesses that produce draft alcoholic beverages using energy-efficient equipment to depreciate that property over 15 years rather than a longer period, potentially reducing their taxable income over that timeframe.
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How your representatives voted
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