3.0.0 304 2019-11-15T21:55:05Z 2019-11-15T21:55:05Z Senate S S 2009-01-22 111 ssfi00 Finance Committee Senate Standing Referred to 2009-01-22T21:48:05Z A bill to amend the Internal Revenue Code of 1986 to extend and modify the special allowance for property acquired during 2009 and to temporarily increase the limitation for expensing certain business assets. 111 294 S 2009-01-21 Read twice and referred to the Committee on Finance. Related bill CRS 2009-01-22 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-01-22 Sponsor introductory remarks on measure. (CR S790-791) IntroReferral B00100 9 Library of Congress 2009-01-22 Introduced in Senate IntroReferral 10000 9 Library of Congress D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE N Taxation Business investment and capital Income tax credits Income tax deductions Taxation 00 2009-01-22 Introduced in Senate 2009-03-07T14:56:34Z Main Street Recovery Act - Provides for a 15% investment tax credit through June 30, 2010, for the purchase of business equipment and machinery.

Amends the Internal Revenue Code to: (1) extend through June 30, 2010, the additional 50% depreciation allowance (bonus depreciation) for business and investment property; (2) allow such depreciation for nonresidential real property or residential rental property; and (3) extend through 2010 the increased expensing allowance for depreciable business assets and expand the types of depreciable property eligible for expensing.

]]> Main Street Recovery Act Short Titles as Introduced Main Street Recovery Act Display Title Main Street Recovery Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to stimulate business investment, and for other purposes. Introduced in Senate 2009-01-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s304is/xml/BILLS-111s304is.xml 2009-01-22 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.