H.R. 4661 · 111th Congress
To amend the Internal Revenue Code of 1986 to increase the dollar limitation on expensing certain depreciable assets and to extend the deduction for an additional year.
- Stage
- In committee
- Sponsor
- Paul Hodes
- Introduced
- 2010-02-23
- Latest action
- 2010-02-23 · Introduced in House
Summary
Amends the Internal Revenue Code to: (1) increase to $250,000 the expensing allowance for depreciable business assets in 2010 and 2011; and (2) extend through 2011 related provisions, including increased expensing for certain computer software.