HR 4661 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to increase the dollar limitation on expensing certain depreciable assets and to extend the deduction for an additional year.

Introduced 2010-02-23· Sponsored by Rep. Hodes, Paul W. [D-NH-2]· 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.(2010-02-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) increase to $250,000 the expensing allowance for depreciable business assets in 2010 and 2011; and (2) extend through 2011 related provisions, including increased expensing for certain computer software.…

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