Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 2540

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2009.
About This Bill
Committee
Latest Action · January 22, 2008
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)
Congress
110th (2007–2009)
Introduced
January 22, 2008
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.