S. 2552 · 110th Congress
Small Business Stimulus Act of 2008
- Stage
- In committee
- Sponsor
- Olympia Snowe
- Introduced
- 2008-01-24
- Latest action
- 2008-01-24 · Introduced in Senate
Summary
Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) increase to $200,000 the expensing allowance for depreciable business assets in 2008; (2) extend through 2008 the five-year carryback allowed for certain unused net operating losses; and (3) extend through 2008 the tax credit for increasing research activities.