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HR 158 112th Congress House Taxation Business investment and capital Income tax deductions

EXPENSE Act of 2011

Introduced: January 5, 2011 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
Jan 5, 2011
Referred to the House Committee on Ways and Means.
Jan 5, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Expensing Property Expands our Nation's Strong Economy Act of 2011 or the EXPENSE Act of 2011 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpayers to elect a two-year recovery period for depreciable property.

What's happening now January 5, 2011

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1