H.R. 4790 · 109th Congress
Small Business Expensing Permanency Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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HergerSponsor21 cosponsors · 21 R
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Chocola
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Lewis
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Musgrave
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Sessions
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Miller
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Manzullo
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Cole
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Fossella
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LaHood
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Bartlett
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Burton
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Peterson
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Souder
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Conaway
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English
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Franks
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Green
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Hart
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Weller
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Chabot
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Hastings3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Expensing Permanency Act of 2006 - Amends the Internal Revenue Code to: (1) increase and make permanent the taxpayer election to expense (i.e., deduct all costs in current taxable year) depreciable business property, including computer software; (2) increase the investment threshold amount used to calculate reductions in the amount of such…
What it does: CRS summary · Introduced in House · Feb 16, 2006
Small Business Expensing Permanency Act of 2006 - Amends the Internal Revenue Code to: (1) increase and make permanent the taxpayer election to expense (i.e., deduct all costs in current taxable year) depreciable business property, including computer software; (2) increase the investment threshold amount used to calculate reductions in the amount of such expensing allowance; (3) allow an inflation adjustment to the amount of the expensing allowance and the investment threshold amount; and (4) make permanent the taxpayer's right to revoke an election to expense.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Expensing Permanency Act of 2006
Latest action (Feb 16, 2006): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 16, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.