S.1873 - Bonus Depreciation and Small Business Expense Extension Act

A bill to amend the Internal Revenue Code of 1986 to extend for 1 year the allowance for bonus depreciation and the increased expensing limitations for depreciable business assets. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to extend for 1 year the allowance for bonus depreciation and the increased expensing limitations for depreciable business assets. as introduced.
  • Short: Bonus Depreciation and Small Business Expense Extension Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
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11/15/11
 
 
 
 
 
 
 

Official Summary

Bonus Depreciation and Small Business Expense Extension Act - Amends the Internal Revenue Code to extend for one year: (1) bonus depreciation; (2) the 100% expensing allowance for depreciable business assets; (3) the election to accelerate the alternative minimum tax (AMT) credit in lieu of

Official Summary

Bonus Depreciation and Small Business Expense Extension Act - Amends the Internal Revenue Code to extend for one year:
(1) bonus depreciation;
(2) the 100% expensing allowance for depreciable business assets;
(3) the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation; and
(4) the increased expensing allowance for tangible real and personal property, including computer software and leasehold, restaurant, and retail improvement property.

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