H.R. 158 · 112th Congress
EXPENSE Act of 2011
- Stage
- In committee
- Sponsor
- Pete Sessions
- Introduced
- 2011-01-05
- Latest action
- 2011-01-05 · Introduced in House
Summary
Expensing Property Expands our Nation's Strong Economy Act of 2011 or the EXPENSE Act of 2011 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpayers to elect a two-year recovery period for depreciable property.