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United States · Bill · HR

H.R. 6612 (110th)

To amend the Internal Revenue Code of 1986 to increase and make permanent the election to expense certain refineries.

referredUnited States· United States Congress· EN

Introduced

24 July 2008

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to increase the expensing allowance for qualified refinery property from 50 to 100% of its cost for property placed in service after July 15, 2008, and before January 1, 2012. Makes permanent the 50% expensing allowance for such property.

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Documents

3 official files

Introduced in House (text)

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Sources

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