US SB1873 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 15 2011 - 25% progression, died in committee
Action: 2011-11-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 15 2011 - 25% progression, died in committee
Action: 2011-11-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Bonus Depreciation and Small Business Expense Extension Act - Amends the Internal Revenue Code to extend for one year: (1) bonus depreciation; (2) the 100% expensing allowance for depreciable business assets; (3) the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; and (4) the increased expensing allowance for tangible real and personal property, including computer software and leasehold, restaurant, and retail improvement property.
Title
Bonus Depreciation and Small Business Expense Extension Act
Sponsors
| Sen. Richard Lugar [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-11-15 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3476 (Related) 2012-01-12 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
SB1801 (Related) 2011-11-03 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7129-7131)
SB1866 (Related) 2011-11-16 - Sponsor introductory remarks on measure. (CR S7594-7596)
SB1801 (Related) 2011-11-03 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7129-7131)
SB1866 (Related) 2011-11-16 - Sponsor introductory remarks on measure. (CR S7594-7596)
Subjects
Business investment and capital
Computers and information technology
Income tax credits
Income tax deductions
Inflation and prices
Taxation
Computers and information technology
Income tax credits
Income tax deductions
Inflation and prices
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1873/all-info |
| Text | https://www.congress.gov/112/bills/s1873/BILLS-112s1873is.pdf |
