HR 4305 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.

Introduced 2005-11-10· Sponsored by Rep. Musgrave, Marilyn N. [R-CO-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2005-11-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue to increase the expensing allowance (i.e., a tax deduction in the current taxable year) for the cost of Gulf Opportunity Zone property placed in service in the Hurricane Katrina disaster area.…

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

Cosponsors (15)

15 Republicans
Rep. Feeney, Tom [R-FL-24]FL
Rep. Gingrey, Phil [R-GA-11]GA
Rep. King, Steve [R-IA-5]IA
Rep. Garrett, Scott [R-NJ-5]NJ
Rep. Jindal, Bobby [R-LA-1]LA
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Barrett, J. Gresham [R-SC-3]SC
Rep. Wilson, Joe [R-SC-2]SC
Rep. Kline, John [R-MN-2]MN
Rep. Cole, Tom [R-OK-4]OK
Rep. Westmoreland, Lynn A. [R-GA-8]GA
Rep. Issa, Darrell E. [R-CA-49]CA
Rep. Weldon, Dave [R-FL-15]FL
Rep. Fortenberry, Jeff [R-NE-1]NE
Rep. Hensarling, Jeb [R-TX-5]TX