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- H.R.5109
H.R.5109: Economic Growth Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 23, 2008
- Latest Major Action Jan. 23, 2008
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
99 (All Republicans)
Bill Summary
Economic Growth Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide for an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and (4) reduce from 35 to 15% the alternative capital gains tax rate for corporations.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Jan. 23, 2008 |
Introduced in the House by Scott Garrett (R-N.J.) |