H.R. 4129 · 109th Congress
EXPENSE Act of 2005
- Stage
- In committee
- Sponsor
- Pete Sessions
- Introduced
- 2005-10-25
- Latest action
- 2005-10-25 · Introduced in House
Summary
Expensing Property Expands our Nation's Strong Economy Act of 2005 or the EXPENSE Act of 2005 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpers to elect a two-year recovery period for depreciable property.