S. 1781 · 109th Congress
Refinery Investment Tax Assistance Act of 2005
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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.
No cosponsors.
Refinery Investment Tax Assistance Act of 2005 - Amends the Internal Revenue Code to allow: (1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and (2) a five-year recovery period for the depreciation of certain petroleum refining property.
What it does: CRS summary · Introduced in Senate · Sep 28, 2005
Refinery Investment Tax Assistance Act of 2005 - Amends the Internal Revenue Code to allow: (1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and (2) a five-year recovery period for the depreciation of certain petroleum refining property.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Refinery Investment Tax Assistance Act of 2005
Latest action (Sep 28, 2005): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10598)
Policy area: Taxation · Origin: Senate · Introduced: Sep 28, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.