US SB2284 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on April 16 2012 - 25% progression, died in committee
Action: 2012-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 16 2012 - 25% progression, died in committee
Action: 2012-04-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow an eligible small business to elect to expense the cost of its depreciable assets. Defines "eligible small business" as any trade or business that does not have a net profit in any taxable year of more than $1 million.
Title
A bill to amend the Internal Revenue Code of 1986 to provide expensing for small businesses.
Sponsors
| Sen. Mark Begich [D-AK] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-04-16 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2284/all-info |
| Text | https://www.congress.gov/112/bills/s2284/BILLS-112s2284is.pdf |
