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United States · Bill · S

S. 2540 (110th)

A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.

referredUnited States· United States Congress· EN

Introduced

22 January 2008

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.

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Votes

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Versions

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Documents

3 official files

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Sources

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