H.R. 1761, Corporate Minimum Tax : Scheduled for Markup By the Ways And Means Subcommittee On Select Revenue Measures Jcx-19-89

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H.R. 1761, Corporate Minimum Tax : Scheduled for Markup By the Ways And Means Subcommittee On Select Revenue Measures Jcx-19-89
United States. Congress. Joint Committee On Taxation
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1761: CORPORATE MINIMUM TAX Scheduled for Markup by the Ways and Means Subcommittee on Select Revenue Measures Addendum to Possible Option In the case of (i) property to which the old ACRS system applies and (ii) property placed in service in a taxable year beginning before 1990 to which the new ACRS system applies and which presently is allowed accelerated depreciation under the minimum tax, a declining balance method of 120 percent (switching to straight line at the beginning of the year resul...ting in the highest allowance) will apply.

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