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S. 233

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to make the allowance of bonus depreciation and the increased expensing limitations permanent.
About This Bill
Committee
Latest Action · January 14, 2009
Read twice and referred to the Committee on Finance.
Congress
111th (2009–2011)
Introduced
January 14, 2009
Sponsor
Sen. Lamar AlexanderR
Cosponsors (0)
None
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Summary

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Amends the Internal Revenue Code to make permanent: (1) the special depreciation allowance for certain property acquired after December 31, 2007 (bonus depreciation); and (2) the increased $250,000 expensing allowance for depreciable business assets.

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