A bill to amend the Internal Revenue Code of 1986 to provide additional tax relief for small businesses, and for other purposes.
Small Business Expensing Permanency Act - Amends the Internal Revenue Code to increase (to $250,000) and make permanent the limitation on expensing of depreciable business assets, including computer software.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S12071-12072)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S12072)
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