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<BillSummaries>
<item congress="114" measure-type="s" measure-number="1666" measure-id="id114s1666" originChamber="SENATE" orig-publish-date="2015-06-24" update-date="2015-09-25">
<title>A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the election to accelerate the AMT credit in lieu of bonus depreciation for 2015 and 2016, and for other purposes.</title>
<summary summary-id="id114s1666v00" currentChamber="SENATE" update-date="2015-09-25">
<action-date>2015-06-24</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>Amends the Internal Revenue Code to: (1) extend through 2016&nbsp;the special depreciation allowance for business assets (bonus depreciation), and (2) increase the limitation on the election to accelerate the alternative minimum tax credit in lieu of bonus depreciation for 2015 and 2016.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<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 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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</BillSummaries>
