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- S.2240
S.2240: A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 27, 2012
- Latest Major Action March 27, 2012
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) extend for one year the 100% bonus depreciation allowance for business assets, and (2) increase the amount of alternative minimum tax (AMT) credits that corporate taxpayers may elect to accelerate in a taxable year in lieu of claiming bonus depreciation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| March 27, 2012 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |