S. 2539 — 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.

Summary

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.

H.R. 4995Middle Class Jobs Protection Act of 2008
2008-01-16Referred to the House Committee on Ways and Means.
Related
H.R. 5140Economic Stimulus Act of 2008
2008-02-13Became Public Law No: 110-185.
Related
H.R. 5169Grow American Investment Now Jobs Act of 2008
2008-01-29Referred to the House Committee on Ways and Means.
Related
S. 2540A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.
2008-01-22Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)
Related

2008-01-22
Introduced in Senate
2008-01-22
Sponsor introductory remarks on measure. (CR S97-99, S101-105)
2008-01-22
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S99-100)