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- H.R.3366
H.R.3366: To amend the Internal Revenue Code of 1986 to clarify that bonus depreciation is not a cost allocated to a contract under the percentage of completion method for long-term contracts.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Nov. 4, 2011
- Latest Major Action Nov. 4, 2011
Bill Sponsor
Bill Cosponsors
8 (3 Democrats, 5 Republicans)
Bill Summary
Amends the Internal Revenue Code to extend through 2012 the tax rule that excludes bonus depreciation allowed for certain depreciable business assets as a cost allocated to a contract under the percentage of completion method for long-term contracts.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Nov. 4, 2011 |
Introduced in the House by Sam Johnson (R-Texas) |