HR 4305
109th Congress
House
Taxation
Alabama
Commerce
Depreciation and amortization
Emergency Management
Floods
Florida
Hurricane aftermath legislation
Hurricanes
Income tax
Louisiana
Mississippi
Tax deductions
To amend the Internal Revenue Code of 1986 to provide increased expensing for section 179 property in the Gulf Opportunity Zone.
Introduced: November 10, 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
Nov 10, 2005
Referred to the House Committee on Ways and Means.
Nov 10, 2005
Introduced in House
Plain-English summary
Amends the Internal Revenue to increase the expensing allowance (i.e., a tax deduction in the current taxable year) for the cost of Gulf Opportunity Zone property placed in service in the Hurricane Katrina disaster area.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1