US SB1666 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 24 2015 - 25% progression, died in committee
Action: 2015-06-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 24 2015 - 25% progression, died in committee
Action: 2015-06-24 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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. 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.
Title
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.
Sponsors
| Sen. Debbie Stabenow [D-MI] | Sen. Pat Roberts [R-KS] | Sen. Sherrod Brown [D-OH] | Sen. Roy Blunt [R-MO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-24 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Accounting and auditing
Business investment and capital
Income tax credits
Income tax deductions
Public contracts and procurement
Tax administration and collection, taxpayers
Taxation
Business investment and capital
Income tax credits
Income tax deductions
Public contracts and procurement
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/1666/all-info |
| Text | https://www.congress.gov/114/bills/s1666/BILLS-114s1666is.pdf |
