S. 2540 · 110th Congress
A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during…
Full title
A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SpecterSponsorNo cosponsors.
Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.
What it does: CRS summary · Introduced in Senate · Jan 22, 2008
Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.
Latest action (Jan 22, 2008): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)
Policy area: Taxation · Origin: Senate · Introduced: Jan 22, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.