Main Street Revitalization Act of 2010

Summary

Main Street Revitalization Act of 2010 - Amends the Internal Revenue Code to: (1) allow small businesses to elect a 10-year carryback of net operation losses incurred in 2010 and 2011; (2) make permanent the increased ($250,000) expensing allowance for depreciable business assets; (3) expand the types of assets eligible for expensing; and (4) increase the tax deduction for business start-up expenditures.

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Timeline

1. 5 March 2010

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 5 March 2010

   Introduced

   Sponsor introductory remarks on measure. (CR S1230-1232, S1232-1233)

   Source: IntroReferral

3. 5 March 2010

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 March 2010 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 March 2010

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 March 2010

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 March 2010

  Open at official source

Sponsors

• Sen. Bennett, Robert F. [R-UT] · R · Sponsor
• · ssfi00 · Standing

Related records

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