3.0.0 2572 2023-01-11T13:15:10Z 2023-01-11T13:15:10Z Senate S S 2008-01-30 110 ssfi00 Finance Committee Senate Standing Referred to 2008-01-30T16:37:09Z 2008-01-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-01-30 Introduced in Senate IntroReferral 10000 9 Library of Congress V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. N Taxation Commerce Depreciation and amortization Income tax Minimum tax Tax deductions Taxation

00 2008-01-30 Introduced in Senate 2008-02-25T22:25:54Z Amends the Internal Revenue Code to: (1) increase from 30 to 50% the rate of the special depreciation allowance (bonus depreciation) for certain business equipment and assets placed in service in 2008; and (2) allow a corporation to elect to increase its alternative minimum tax credit by its bonus depreciation amount in lieu of applying such allowance.

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Display Title Official Title as Introduced Introduced in Senate IS Introduced in Senate 2008-01-30T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2572is/xml/BILLS-110s2572is.xml 2008-01-30 Read twice and referred to the Committee on Finance. 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.