S. 2552 (110th): Small Business Stimulus Act of 2008

Introduced:
Jan 24, 2008 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Olympia Snowe
Senator from Maine
Party
Republican
Text
Read Text »
Last Updated
Jan 24, 2008
Length
4 pages
Related Bills
S. 156 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 06, 2009

S. 2553 (Related)
Small Business Stimulus Act of 2008

Referred to Committee
Last Action: Jan 24, 2008

 
Status

This bill was introduced on January 24, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 24, 2008
Referred to Committee Jan 24, 2008
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to provide a stimulus to small business by increasing expensing for small businesses in 2008, extending the length of the carryback period for net operating losses during 2007 and 2008, and extending the research and development credit.

Summary

No summaries available.

Cosponsors
3 cosponsors (2D, 1R) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

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.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


1/24/2008--Introduced.
Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) increase to $200,000 the expensing allowance for depreciable business assets in 2008; (2) extend through 2008 the five-year carryback allowed for certain unused net operating losses; and (3) extend through 2008 the tax credit for increasing research activities.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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