Skip to main content
S 269 110th Congress Senate

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: January 11, 2007 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
Sign in to write a letter Sign in to watch
This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2007
Sponsor introductory remarks on measure. (CR S5175-5176)
Apr 17, 2007
Sponsor introductory remarks on measure. (CR S4591-4592)
Jan 11, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S453-454)
Jan 11, 2007
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 26, 2007

Sponsor introductory remarks on measure. (CR S5175-5176)

 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.

 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 · Jan 11, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 269: 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.. 110th Congress. Open America. https://openamerica.io/bill/110-S-269/
MLA
"S. 269: 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.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-269/.
Bluebook (legal)
S. 269, 110th Cong. (2026), https://openamerica.io/bill/110-S-269/.
Markdown link
[S. 269: 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/110-S-269/)
Report a problem