To amend the Internal Revenue Code of 1986 to allow small- and medium-sized manufacturers to expense certain acquisitions of productive equipment.
Productive Investment Incentive Act - Amends the Internal Revenue Code to allow a business expense deduction for up to $250,000 (currently, $10,000) of depreciable business assets if property is used as an integral part of manufacturing, production, or extraction. Reduces such allowance by the amount by which the cost of such property exceeds $1,000,000 (currently, $200,000) for a taxable year.
Excludes such depreciation deduction from the alternative minimum tax.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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