HR 6612 · 110th Congress · Taxation
To amend the Internal Revenue Code of 1986 to increase and make permanent the election to expense certain refineries.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2008-07-24)
Plain Language Summary
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Amends the Internal Revenue Code to increase the expensing allowance for qualified refinery property from 50 to 100% of its cost for property placed in service after July 15, 2008, and before January 1, 2012. Makes permanent the 50% expensing allowance for such property.…
Summarized by Claude AI · Non-partisan · For informational purposes only