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Refinery Investment Tax Assistance Act of 2007

A bill to amend the Internal Revenue Code of 1986 to allow full expensing for the cost of qualified refinery property in the year in which the property is placed in service, and to classify petroleum refining property as 5-year property for purposes of depreciation.

Other Bill Titles (2 more)

6/12/2007--Introduced.
Refinery Investment Tax Assistance Act of 2007 - Amends the Internal Revenue Code to allow:
(1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and
(2) a ... moreSee Full Bill Text

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IntroducedresultVoted on by SenateresultVoted on by HouseresultConsidered By PresidentresultBill Becomes Law
June 12, 2007
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October 13, 2007 A Report to the Filipino People

The other bill, S. 1591, filed on September 17, is a proposal amending Presidential Decree No. 1177, the Automatic Appropriations Law, which the senator says is a relic of the Marcos era that has brought nothing but misery to the ...

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Source: Magdalo Para Sa Pagbabago


June 11, 2007 Bill Action: Introduced: S. 1591: A bill to amend the Internal ...

Orrin Hatch [R-UT] introduced S. 1591: A bill to amend the Internal Revenue Code of 1986 to allow full expensing for the cost of qualified refinery property in the year in which the property is placed in service, and to classify ...

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June 11, 2007 S. 1591, A bill to amend the Internal Revenue Code of 1986 to ...

S. 1591 would amend the Internal Revenue Code of 1986 to allow full expensing for the cost of qualified refinery property in the year in which the property is placed in service, and it would classify petroleum refining property as ...

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Source: washingtonwatch.com - Welcome to washingtonwatc...


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