S. 2539 (110th): A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009.

Introduced:

Jan 22, 2008
110th Congress, 2007–2009

Status:
Died in a previous Congress

This bill was introduced on January 22, 2008, in a previous session of Congress, but was not enacted.

Sponsor:

Arlen Specter

Senator from Pennsylvania

Democrat

Text:

Read Text »
Last Updated: Jan 22, 2008
Length: 16 pages

About the bill

Summary (CRS)
1/22/2008--Introduced.Amends the Internal Revenue Code to increase from 30 to 50% the bonus depreciation for new business equipment placed in service in 2008 and 2009. Read more >
Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 5140 (Related)
Economic Stimulus Act of 2008

Enacted — Signed by the President
Feb 13, 2008

H.R. 5169 (Related)
Grow American Investment Now Jobs Act of 2008

Referred to Committee
Last Action: Jan 29, 2008

What is a bill?

The “S.” in “S. 2539” means this is a Senate bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.

History

Introduced
Jan 22, 2008

Details

Cosponsors
none
Committee Assignments

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

Votes

There have been no votes related to this bill.

Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Citation

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