HR 4311
111th Congress
House
Taxation
Business investment and capital
Income tax credits
Income tax deductions
Research and development
Small business
Bonus Depreciation and Enhanced Expensing for Small Businesses Extension Act of 2009
Introduced: December 15, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 15, 2009
Referred to the House Committee on Ways and Means.
Dec 15, 2009
Introduced in House
Plain-English summary
Bonus Depreciation and Enhanced Expensing for Small Businesses Extension Act of 2009 - Amends the Internal Revenue Code to extend through 2010: (1) the increased expensing allowance for depreciable small business assets (i.e., $250,000); (2) bonus depreciation for depreciable business property; and (3) the taxpayer election to accelerate alternative minimum tax and research tax credits in lieu of bonus depreciation. Sets forth special rules for taxpayers who previously elected acceleration of such credits and for those who did not.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1