HR 408 · 113th Congress · Taxation

EXPENSE Act of 2013

Introduced 2013-01-23· Sponsored by Rep. Sessions, Pete [R-TX-32]· 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.(2013-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Expensing Property Expands our Nation's Strong Economy Act of 2013 or the EXPENSE Act of 2013 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpayers to elect a two-year recovery period for depreciable property.…

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