US SB2350 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 3 2015 - 25% progression, died in committee
Action: 2015-12-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Full Expensing Act of 2015 This bill amends the Internal Revenue Code to expand the expensing allowance for certain depreciable business property (section 179 property) by: (1) redefining "section 179 property" to include tangible property or computer software that is acquired by purchase for use in a trade or business or for the production of income, and (2) repealing the dollar limitation on the amount of such property that may be deducted as an expense in the current taxable year.
Title
Full Expensing Act of 2015
Sponsors
| Sen. Rand Paul [R-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-12-03 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2350/all-info |
| Text | https://www.congress.gov/114/bills/s2350/BILLS-114s2350is.pdf |
