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- H.R.361
H.R.361: To amend the Internal Revenue Code of 1986 to provide a 1-year extension of the increased expensing of certain depreciable business assets and the special depreciation allowance for certain business property.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Jan. 9, 2009
- Latest Major Action Jan. 9, 2009
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to extend through 2009: (1) the increased ($250,000) expensing allowance for depreciable business assets; and (2) the additional 50% depreciation allowance for certain types of investment property (bonus depreciation).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Jan. 9, 2009 |
Introduced in the House by Bobby Bright (D-Ala.) |