PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 00 · Introduced in House · Jan 4, 1995
Neutral Cost Recovery Act of 1995 - Amends the Internal Revenue Code to allow the depreciation deduction to be computed based on a neutral recovery basis for certain property placed in service after December 31, 1994. Increases the dollar limitation on the deduction to expense depreciable business assets.
People & committees
Rep. Smith, Nick [R-MI-7] · R–MI
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
See H.R.1215.
Sponsor introductory remarks on measure. (CR H2475)
Sponsor introductory remarks on measure. (CR H2155)
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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Analyze H.R.199 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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