S 2284 · 112th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to provide expensing for small businesses.

Introduced 2012-04-16· Sponsored by Sen. Begich, Mark [D-AK]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2012-04-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an eligible small business to elect to expense the cost of its depreciable assets. Defines "eligible small business" as any trade or business that does not have a net profit in any taxable year of more than $1 million.…

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