HR 3680
109th Congress
House
Taxation
Commerce
Contracts
Depreciation and amortization
Energy
Equipment and supplies
Income tax
Petroleum industry
Petroleum refineries
Tax deductions
To amend the Internal Revenue Code of 1986 to increase and extend temporary expensing for equipment used in refining of liquid fuels.
Introduced: September 7, 2005
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 7, 2005
Referred to the House Committee on Ways and Means.
Sep 7, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to: (1) increase from 50 to 100 percent the cost percentage of qualified refinery property eligible for expensing; and (2) extend until January 1, 2015, the placed-in-service requirement for such property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1