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United States · Bill · S

S. 1591 (110th)

Refinery Investment Tax Assistance Act of 2007

referredUnited States· United States Congress· EN

Introduced

12 June 2007

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7548)

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Refinery Investment Tax Assistance Act of 2007 - Amends the Internal Revenue Code to allow: (1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and (2) a five-year recovery period for the depreciation of certain petroleum refining property.

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Documents

3 official files

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