US SB2240 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 27 2012 - 25% progression, died in committee
Action: 2012-03-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 27 2012 - 25% progression, died in committee
Action: 2012-03-27 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
Sponsors
| Sen. Debbie Stabenow [D-MI] | Sen. Roy Blunt [R-MO] | Sen. Sherrod Brown [D-OH] | Sen. Pat Roberts [R-KS] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-27 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3630 (Related) 2012-02-22 - Became Public Law No: 112-96.
HB4196 (Same As) 2012-03-13 - Referred to the House Committee on Ways and Means.
SB2237 (Related) 2012-07-12 - Returned to the Calendar. Calendar No. 341.
HB1773 (Related) 2011-05-05 - Referred to the House Committee on Ways and Means.
HB5974 (Related) 2012-06-20 - Referred to the House Committee on Ways and Means.
SB12 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
HB4196 (Same As) 2012-03-13 - Referred to the House Committee on Ways and Means.
SB2237 (Related) 2012-07-12 - Returned to the Calendar. Calendar No. 341.
HB1773 (Related) 2011-05-05 - Referred to the House Committee on Ways and Means.
HB5974 (Related) 2012-06-20 - Referred to the House Committee on Ways and Means.
SB12 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2240/all-info |
| Text | https://www.congress.gov/112/bills/s2240/BILLS-112s2240is.pdf |
