Economic Stimulus Through Bonus Depreciation Act of 2001 - Amends the Internal Revenue Code to provide a 50 percent bonus (first-year) deduction for qualified business property (including computer software) acquired or contracted for between September 11, 2001 and July 1, 2002, and placed in service before January 1, 2003.
Sets forth related provisions respecting: (1) alternative depreciation property; (2) original use; and (3) alternative minimum tax.
Actions
Oct 16, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10771-10772)
Oct 16, 2001
Sponsor introductory remarks on measure. (CR S10770-10771)