To amend the Internal Revenue Code of 1986 to increase and extend temporary expensing for equipment used in refining of liquid fuels.
Latest action · Sep 7, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 7, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to: (1) increase from 50 to 100 percent the cost percentage of qualified refinery property eligible for expensing; and (2) extend until January 1, 2015, the placed-in-service requirement for such property.
Cosponsors 12
Members who signed on, in the order they did. Signatures ran from Sep 13, 2005 to Nov 18, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MI | Candice S. Miller | Sep 13, 2005 | |
| R-PA | Phil English | Sep 13, 2005 | |
| R-CA | Wally Herger | Sep 13, 2005 | |
| R-ID | C. L. (Butch) Otter | Sep 27, 2005 | |
| R-TX | K. Michael Conaway | Sep 27, 2005 | |
| R-TX | Kevin Brady | Sep 27, 2005 | |
| R-ID | Michael K. Simpson | Sep 27, 2005 | |
| R-TX | Sam Johnson | Sep 27, 2005 | |
| D-UT | Jim Matheson | Oct 6, 2005 | |
| R-PA | Melissa A. Hart | Oct 6, 2005 | |
| D-OK | Dan Boren | Nov 15, 2005 | |
| R-NY | John M. McHugh | Nov 18, 2005 |
Actions 2
Everything that happened, newest first.
- Sep 7, 2005Introduced in House
- Sep 7, 2005Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1693 | A bill to amend the Internal Revenue Code of 1986 to allow the temporary expensing of equipment used in refining of liquid fuels. | Related bill | Sep 13, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 7, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.