Full Expensing Act of 2015

Summary

Full Expensing Act of 2015 This bill amends the Internal Revenue Code to expand the expensing allowance for certain depreciable business property (section 179 property) by: (1) redefining "section 179 property" to include tangible property or computer software that is acquired by purchase for use in a trade or business or for the production of income, and (2) repealing the dollar limitation on the amount of such property that may be deducted as an expense in the current taxable year.

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Timeline

1. 3 December 2015

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 3 December 2015

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 3 December 2015 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 December 2015

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 December 2015

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 3 December 2015

  Open at official source

Sponsors

• Rand Paul · R · Sponsor
• · ssfi00 · Standing

Related records

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