United States · Bill · HR
H.R. 7298 (110th)
To amend the Internal Revenue Code of 1986 to make permanent the deduction for expensing certain depreciable business assets and to allow a deduction for the original purchase of domestically manufactured automobiles.
Introduced
20 November 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: (1) increase and make permanent the expensing allowance for depreciable business assets; and (2) allow a tax deduction, up to $10,000, for the purchase of a motor vehicle manufactured in the United States. Terminates such tax deduction after 2010.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 20 November 2008
Introduced in House (PDF)
Introduced in House · EN · 20 November 2008
Introduced in House
summary · EN · 20 November 2008
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/house-bill/7298
- Open data entity: https://api.congress.gov/v3/bill/110/hr/7298