H.R.361 - To amend the Internal Revenue Code of 1986 to provide a 1-year extension of the increased expensing of certain depreciable business assets and the special depreciation allowance for certain business property.

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  • Official: To amend the Internal Revenue Code of 1986 to provide a 1-year extension of the increased expensing of certain depreciable business assets and the special depreciation allowance for certain business property. as introduced.

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Introduced
 
House
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Senate
Passes
 
President
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01/09/09
 
 
 
 
 
 
 

Official Summary

Amends the Internal Revenue Code to extend through 2009:
(1) the increased ($250,000) expensing allowance for depreciable business assets; and
(2) the additional 50% depreciation allowance for certain types of investment property (bonus depreciation).




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