3.0.0 1781 2023-01-13T04:49:59Z 2023-01-13T04:49:59Z Senate S S 2005-09-28 109 ssfi00 Finance Committee Senate Standing Referred to 2005-09-28T18:32:03Z Refinery Expansion Act of 2005 109 3924 HR 2005-09-27 Referred to the House Committee on Ways and Means. Related bill CRS 2005-09-28 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10598) IntroReferral 2005-09-28 Sponsor introductory remarks on measure. (CR S10598) IntroReferral B00100 9 Library of Congress 2005-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N Taxation Commerce Corporation taxes Depreciation and amortization Energy Income tax Petroleum refineries Tax deductions Taxation 00 2005-09-28 Introduced in Senate 2005-10-26T20:13:09Z Refinery Investment Tax Assistance Act of 2005 - Amends the Internal Revenue Code to allow: (1) for the expensing of the entire cost of certain liquid fuels refinery property (currently, only 50% of such cost can be expensed); and (2) a five-year recovery period for the depreciation of certain petroleum refining property.

]]> Refinery Investment Tax Assistance Act of 2005 Display Title Refinery Investment Tax Assistance Act of 2005 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow full expensing for the cost of qualified refinery property in the year in which the property is placed in service, and to classify petroleum refining property as 5-year property for purposes of depreciation. Introduced in Senate IS Short Titles as Introduced Refinery Investment Tax Assistance Act of 2005 Introduced in Senate 2005-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s1781is/xml/BILLS-109s1781is.xml 2005-09-28 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10598) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.