S 1873 · 112th Congress · Taxation

Bonus Depreciation and Small Business Expense Extension Act

Introduced 2011-11-15· Sponsored by Sen. Lugar, Richard G. [R-IN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2011-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] Bonus Depreciation and Small Business Expense Extension Act - Amends the Internal Revenue Code to extend for one year: (1) bonus depreciation; (2) the 100% expensing allowance for depreciable business assets; (3) the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; and (4) the increased expensing allowance for tangible real and personal property, including computer software and leasehold, restaurant, and retail improvement property.…

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