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United States · Bill · HR

H.R. 5085 (110th)

Small Business Expensing Temporary Expansion Act of 2008

referredUnited States· United States Congress· EN

Introduced

22 January 2008

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.

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Documents

3 official files

Introduced in House (text)

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Sources

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