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- H.R.5085
H.R.5085: Small Business Expensing Temporary Expansion Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 22, 2008
- Latest Major Action Jan. 22, 2008
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Jan. 22, 2008 |
Introduced in the House by Wally Herger (R-Calif.) |