S. 1873 (112th): Bonus Depreciation and Small Business Expense Extension Act

Introduced:
Nov 15, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Richard Lugar [R-IN]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on November 15, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 15, 2011
Referred to Committee Nov 15, 2011
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1986 to extend for 1 year the allowance for bonus depreciation and the increased expensing limitations for depreciable business assets.

Summary

No summaries available.

Text

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Last updated Nov 15, 2011.
8 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

11/15/2011--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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