To amend the Internal Revenue Code of 1986 to make 100 percent bonus depreciation permanent.
Fixed Asset Relief Act of 2015
This bill amends the Internal Revenue Code to increase the additional depreciation allowance (bonus depreciation) from 50% to 100% of the adjusted basis of qualifying business property and to make such increased allowance permanent.
Placed on the Union Calendar, Calendar No. 240.
Read twice and referred to the Committee on Finance.
Became Public Law No: 114-113.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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