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    <updateDate>2023-01-11T13:15:19Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2008-01-22</introducedDate>
    <congress>110</congress>
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      <item>
        <title>Small Business Expensing Expansion and Permanency Act of 2007</title>
        <congress>110</congress>
        <number>1797</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2007-03-30</actionDate>
          <text>Sponsor introductory remarks on measure. (CR E701-702)</text>
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        <actionDate>2008-01-22</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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            <name>Ways and Means Committee</name>
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        <actionDate>2008-01-22</actionDate>
        <text>Sponsor introductory remarks on measure. (CR E53-54)</text>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>H000528</bioguideId>
        <fullName>Rep. Herger, Wally [R-CA-2]</fullName>
        <firstName>WALLY</firstName>
        <lastName>HERGER</lastName>
        <party>R</party>
        <state>CA</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>P000583</bioguideId>
        <fullName>Rep. Paul, Ron [R-TX-14]</fullName>
        <firstName>RON</firstName>
        <lastName>PAUL</lastName>
        <party>R</party>
        <state>TX</state>
        <district>14</district>
        <sponsorshipDate>2008-05-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001143</bioguideId>
        <fullName>Rep. Souder, Mark E. [R-IN-3]</fullName>
        <firstName>MARK</firstName>
        <lastName>SOUDER</lastName>
        <party>R</party>
        <state>IN</state>
        <middleName>EDWARD</middleName>
        <district>3</district>
        <sponsorshipDate>2008-06-03</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
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    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Depreciation and amortization</name>
        </item>
        <item>
          <name>Economics and Public Finance</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Indexing (Economic policy)</name>
        </item>
        <item>
          <name>Small business</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-01-22</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-01-29T18:41:27Z</updateDate>
        <text><![CDATA[ <p>Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.</p>]]></text>
      </summary>
    </summaries>
    <title>Small Business Expensing Temporary Expansion Act of 2008</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Small Business Expensing Temporary Expansion Act of 2008</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to expand expensing for small business.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Small Business Expensing Temporary Expansion Act of 2008</title>
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    </titles>
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        <type>Introduced in House</type>
        <date>2008-01-22T05:00:00Z</date>
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    <latestAction>
      <actionDate>2008-01-22</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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