HR 364 · 109th Congress · Taxation

Bonus Depreciation Extension Act of 2005

Introduced 2005-01-25· Sponsored by Rep. Wilson, Joe [R-SC-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Bonus Depreciation Extension Act of 2005 - Amends the Internal Revenue Code to extend, for two additional years, special depreciation allowances (bonus depreciation) for: (1) certain investment property acquired after September 10, 2001 (30 percent depreciation property); (2) certain investment property acquired after May 5, 2003 (50 percent depreciation property); and (3) New York Liberty Zone property.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Sessions, Pete [R-TX-32]TX