A bill to amend the Internal Revenue Code of 1986 to extend for one year the special depreciation allowances for certain property.
Bonus Depreciation Extension to Create Jobs Act - Amends the Internal Revenue Code to extend through 2011 the additional 50% depreciation allowance for investment property, including computer software, water utility property, and qualified leasehold improvement property, which has a recovery period of 20 years of less.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5203-5204)
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line