S. 2240 · 112th Congress
A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
- Stage
- In committee
- Sponsor
- Debbie Stabenow
- Introduced
- 2012-03-27
- Latest action
- 2012-03-27 · Introduced in Senate
Summary
Amends the Internal Revenue Code to: (1) extend for one year the 100% bonus depreciation allowance for business assets, and (2) increase the amount of alternative minimum tax (AMT) credits that corporate taxpayers may elect to accelerate in a taxable year in lieu of claiming bonus depreciation.