S. 233 · 111th Congress
A bill to amend the Internal Revenue Code of 1986 to make the allowance of bonus depreciation and the increased expensing limitations permanent.
- Stage
- In committee
- Sponsor
- Lamar Alexander
- Introduced
- 2009-01-14
- Latest action
- 2009-01-14 · Introduced in Senate
Summary
Amends the Internal Revenue Code to make permanent: (1) the special depreciation allowance for certain property acquired after December 31, 2007 (bonus depreciation); and (2) the increased $250,000 expensing allowance for depreciable business assets.