S. 2539 · 110th Congress
A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009.
- Stage
- In committee
- Sponsor
- Arlen Specter
- Introduced
- 2008-01-22
- Latest action
- 2008-01-22 · Introduced in Senate
Summary
Amends the Internal Revenue Code to increase from 30 to 50% the bonus depreciation for new business equipment placed in service in 2008 and 2009.