H.R.408: EXPENSE Act of 2013

About this Bill

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Sponsor Pete Sessions, R-Texas
Total Cosponsors 0
Introduced Jan. 23, 2013
Latest Major Action Jan. 23, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Expensing Property Expands our Nation's Strong Economy Act of 2013 or the EXPENSE Act of 2013 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpayers to elect a two-year recovery period for depreciable property.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 23, 2013 Referred to the House Committee on Ways and Means.