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Latest Update: Thursday, July, 24th 2008

A bill to amend the Internal Revenue Code of 1986 to provide a special depreciation allowance for certain property placed in service during 2008 and 2009.

1/22/2008--Introduced.

Amends the Internal Revenue Code to increase from 30 to 50% the bonus depreciation for new business equipment placed in service in 2008 and 2009.

Latest Actions
  • 01/22/2008 - Sponsor introductory remarks on measure. (CR S97-99, S101-105)
  • 01/22/2008 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S99-100)
Bill Text
File name Last Updated
S.2539 Introduced in Senate01/25/2008