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HR 4790 109th Congress House

Small Business Expensing Permanency Act of 2006

Official title: To amend the Internal Revenue Code of 1986 to expand expensing for small business.

Introduced: March 14, 2006 See on congress.gov
Taxation CommerceComputer softwareDepreciation and amortizationEconomics and Public Finance
More subjectsShow fewer subjects
Income taxIndexing (Economic policy)Science, Technology, CommunicationsSmall businessTax deductions
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2006
Referred to the House Committee on Ways and Means.
Feb 16, 2006
Introduced in House
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 Latest action February 16, 2006

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Small Business Expensing Permanency Act of 2006 - Amends the Internal Revenue Code to: (1) increase and make permanent the taxpayer election to expense (i.e., deduct all costs in current taxable year) depreciable business property, including computer software; (2) increase the investment threshold amount used to calculate reductions in the amount of such expensing allowance; (3) allow an inflation adjustment to the amount of the expensing allowance and the investment threshold amount; and (4) make permanent the taxpayer's right to revoke an election to expense.

 Related & companion bills 1
  • S 2287 Related bill A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciab…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 2
HASTINGS, DOC
· Jun 9, 2006
SOUDER, MARK
· Mar 28, 2006
 R
Cole, Tom
Oklahoma · Mar 14, 2006
 R
Sessions, Pete
Texas · Mar 7, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4790: Small Business Expensing Permanency Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-4790/
MLA
"H.R. 4790: Small Business Expensing Permanency Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-4790/.
Bluebook (legal)
H.R. 4790, 109th Cong. (2026), https://openamerica.io/bill/109-HR-4790/.
Markdown link
[H.R. 4790: Small Business Expensing Permanency Act of 2006](https://openamerica.io/bill/109-HR-4790/)
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