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HR 1250 110th Congress House Taxation Accounting Commerce Depreciation and amortization Finance and Financial Sector Income tax Tax deductions

EXPENSE Act of 2007

Introduced: February 28, 2007 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2007
Referred to the House Committee on Ways and Means.
Feb 28, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Expensing Property Expands our Nation's Strong Economy Act of 2007 or the EXPENSE Act of 2007 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpers to elect a two-year recovery period for depreciable property.

What's happening now February 28, 2007

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1