H.R. 5085 · 110th Congress
Small Business Expensing Temporary Expansion Act of 2008
- Stage
- In committee
- Sponsor
- Wally Herger
- Introduced
- 2008-01-22
- Latest action
- 2008-01-22 · Introduced in House
Summary
Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.