U.S. Congress - H.R.5906 Small Business Capitol Expansion and Improvement Act of 2008
H.R.5906 - Small Business Capitol Expansion and Improvement Act of 2008
To amend the Internal Revenue Code of 1986 to allow the expensing of certain real property. view all titles (2)
All Bill Titles
- Short: Small Business Capitol Expansion and Improvement Act of 2008 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to allow the expensing of certain real property. as introduced.
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Official Summary
4/24/2008--Introduced.Small Business Capitol [sic] Expansion and Improvement Act of 2008 - Amends the Internal Revenue Code to allow employers whose average annual gross receipts over a three-year period do not exceed $5 million an election to expense up to $125,000 of the cost of depreciaOfficial Summary
4/24/2008--Introduced.Small Business Capitol [sic] Expansion and Improvement Act of 2008 - Amends the Internal Revenue Code to allow employers whose average annual gross receipts over a three-year period do not exceed $5 million an election to expense up to $125,000 of the cost of depreciable real property.
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Sheltered from credit crunch
HR 5906, The Small Business Capital Expansion and Improvement Act, would broaden the spending provisions under Section 179 of the tax law to include capital improvements such as property for businesses with $5 million or less in gross ...
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