Bonus Depreciation and Small Business Expense Extension Act

Summary

Bonus Depreciation and Small Business Expense Extension Act - Amends the Internal Revenue Code to extend for one year: (1) bonus depreciation; (2) the 100% expensing allowance for depreciable business assets; (3) the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; and (4) the increased expensing allowance for tangible real and personal property, including computer software and leasehold, restaurant, and retail improvement property.

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

Timeline

1. 15 November 2011

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 November 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 November 2011 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 November 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 November 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 November 2011

  Open at official source

Sponsors

• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to → AGREE Act
• related to → Small Business Jobs Tax Extenders Act of 2011
• related to ← AGREE Act