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S 2287 109th Congress Senate Taxation Commerce Computer software Depreciation and amortization Economics and Public Finance Income tax Indexing (Economic policy) Science, Technology, Communications Small business Tax deductions

A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciable business assets for small businesses.

Introduced: February 15, 2006 See on congress.gov
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2006
Sponsor introductory remarks on measure. (CR S1354)
Feb 15, 2006
Introduced in Senate
Feb 15, 2006
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1354)
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) increase the expensing allowance for depreciable business property from $100,000 to $200,000; (2) make such allowance permanent; (3) increase to $800,000 the asset cost threshold for calculating reductions in such allowance; (4) allow an annual inflation adjustment to the expensing allowance and the threshold amount after 2007; and (5) allow a taxpayer to revoke an election to expense such business property without the prior consent of the Secretary of the Treasury.

What's happening now February 15, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1354)

 Related & companion bills 1
  • HR 4790 Related bill Small Business Expensing Permanency Act of 2006
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · Feb 16, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2287: A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciable business assets for small businesses.. 109th Congress. Open America. https://openamerica.io/bill/109-S-2287/
MLA
"S. 2287: A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciable business assets for small businesses.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-2287/.
Bluebook (legal)
S. 2287, 109th Cong. (2026), https://openamerica.io/bill/109-S-2287/.
Markdown link
[S. 2287: A bill to amend the Internal Revenue Code of 1986 to increase and permanently extend the expensing of certain depreciable business assets for small businesses.](https://openamerica.io/bill/109-S-2287/)
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