HR 4655 · 111th Congress · Taxation

Small Business Expansion and Job Creation Act of 2010

Introduced 2010-02-23· Sponsored by Rep. Bright, Bobby [D-AL-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-02-23)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Expansion and Job Creation Act of 2010 - Amends the Internal Revenue Code to extend through 2010: (1) the increased ($250,000) expensing allowance for depreciable business assets; (2) the additional 50% depreciation allowance for certain types of investment property acquired in 2010; and (3) the election to accelerate the tax credits for the alternative minimum tax and research expenditures in lieu of bonus depreciation.…

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