HR 4129 · 109th Congress · Taxation

EXPENSE Act of 2005

Introduced 2005-10-25· Sponsored by Rep. Sessions, Pete [R-TX-32]· 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.(2005-10-25)

Plain Language Summary

[AI summary unavailable — showing source text] Expensing Property Expands our Nation's Strong Economy Act of 2005 or the EXPENSE Act of 2005 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpers to elect a two-year recovery period for depreciable property.…

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

Cosponsors (10)

10 Republicans
Rep. Tiahrt, Todd [R-KS-4]KS
Rep. Terry, Lee [R-NE-2]NE
Rep. Flake, Jeff [R-AZ-6]AZ
Rep. Sweeney, John E. [R-NY-20]NY
Rep. Conaway, K. Michael [R-TX-11]TX
Rep. Smith, Lamar [R-TX-21]TX
Rep. Kuhl, John R. "Randy", Jr. [R-NY-29]NY
Rep. Baker, Richard H. [R-LA-6]LA
Rep. Foxx, Virginia [R-NC-5]NC
Rep. McCotter, Thaddeus G. [R-MI-11]MI