H.R.1250 - EXPENSE Act of 2007 Sponsor: Peter Sessions / 110th Congress

Title
110th Congress - To amend the Internal Revenue Code of 1986 to repeal certain limitations on the expensing of section 179 property, to allow taxpayers to elect shorter recovery periods for purposes of determining the deduction for depreciation, and for other purposes. hidemore...
Summary
To amend the Internal Revenue Code of 1986 to repeal certain limitations on the expensing of section 179 property, to allow taxpayers to elect shorter recovery periods for purposes of determining the deduction for depreciation, and for other purposes. (by CRS)
Status
The bill has been introduced.

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