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- S.1591
S.1591: Refinery Investment Tax Assistance Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced June 12, 2007
- Latest Major Action June 12, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Refinery Investment Tax Assistance Act of 2007 - Amends the Internal Revenue Code to allow: (1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and (2) a five-year recovery period for the depreciation of certain petroleum refining property.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| June 12, 2007 |
Introduced in the Senate by Orrin G. Hatch (R-Utah) |