H.R. 1250 · 110th Congress
EXPENSE Act of 2007
- Stage
- In committee
- Sponsor
- Pete Sessions
- Introduced
- 2007-02-28
- Latest action
- 2007-02-28 · Introduced in House
Summary
Expensing Property Expands our Nation's Strong Economy Act of 2007 or the EXPENSE Act of 2007 - 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.