H.R. 3680 — To amend the Internal Revenue Code of 1986 to increase and extend temporary expensing for equipment used in refining of liquid fuels.

Summary

Amends the Internal Revenue Code to: (1) increase from 50 to 100 percent the cost percentage of qualified refinery property eligible for expensing; and (2) extend until January 1, 2015, the placed-in-service requirement for such property.

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Related Legislation

S. 1693A bill to amend the Internal Revenue Code of 1986 to allow the temporary expensing of equipment used in refining of liquid fuels.
2005-09-13Read twice and referred to the Committee on Finance.
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2005-09-07
Introduced in House
2005-09-07
Introduced in House
2005-09-07
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase and extend temporary expensing for equipment used in refining of liquid fuels.

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