H.R.408 - EXPENSE Act of 2013

To amend the Internal Revenue Code of 1986 to repeal certain limitations on the expensing of section 179 property, to allow taxpayers to elect shorter recovery periods for purposes of determining the deduction for depreciation, and for other purposes. view all titles (3)

All Bill Titles

  • Short: EXPENSE Act of 2013 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to repeal certain limitations on the expensing of section 179 property, to allow taxpayers to elect shorter recovery periods for purposes of determining the deduction for depreciation, and for other purposes. as introduced.
  • Short: Expensing Property Expands our Nation's Strong Economy Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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01/23/13
 
 
 
 
 
 
 

Sponsor

Representative

Pete Sessions

R-TX

No Co-Sponsors

Official Summary

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 p

Official Summary

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.

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