Small Business Expensing Permanency Act of 2006

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 February 2006

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 February 2006

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 February 2006

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 February 2006 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 February 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 February 2006

  ViewDownloadOpen at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 16 February 2006

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Chocola, Chris [R-IN-2] · R · Sponsor
• Rep. Lewis, Ron [R-KY-2] · R · Sponsor
• Rep. Musgrave, Marilyn N. [R-CO-4] · R · Sponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Miller, Jeff [R-FL-1] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Fossella, Vito [R-NY-13] · R · Cosponsor
• Rep. Cole, Tom [R-OK-4] · R · Cosponsor
• Rep. LaHood, Ray [R-IL-18] · R · Cosponsor
• Rep. Peterson, John E. [R-PA-5] · R · Cosponsor
• Rep. Souder, Mark E. [R-IN-3] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Conaway, K. Michael [R-TX-11] · R · Cosponsor
• Rep. Franks, Trent [R-AZ-8] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Green, Mark [R-WI-8] · R · Cosponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Chabot, Steve [R-OH-1] · R · Cosponsor
• Rep. Hastings, Doc [R-WA-4] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciable business assets for small businesses.