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- S.1666
S.1666: A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the election to accelerate the AMT credit in lieu of bonus depreciation for 2015 and 2016, and for other purposes.
About This Bill
- Introduced June 24, 2015
- Latest Major Action June 24, 2015
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 2 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) extend through 2016 the special depreciation allowance for business assets (bonus depreciation), and (2) increase the limitation on the election to accelerate the alternative minimum tax credit in lieu of bonus depreciation for 2015 and 2016.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 24, 2015 |
Read twice and referred to the Committee on Finance.
|
| June 24, 2015 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |