HR 5085 · 110th Congress · Taxation

Small Business Expensing Temporary Expansion Act of 2008

Introduced 2008-01-22· Sponsored by Rep. Herger, Wally [R-CA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2008-01-22)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.…

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

Cosponsors (2)

2 Republicans
Rep. Paul, Ron [R-TX-14]TX
Rep. Souder, Mark E. [R-IN-3]IN