A bill to amend the Internal Revenue Code of 1986 to allow the temporary expensing of equipment used in refining of liquid fuels.

Fact Sheet API

Bill Number

S 1693

Introduced

Sep 13, 2005

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Commerce Contracts Depreciation and amortization Energy Equipment and supplies Income tax Leases Petroleum industry Petroleum refineries Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow a taxpayer election to expense the cost of certain fuel refinery property that meets a specified production capacity and is placed in service before January 1, 2014.

Actions

Sep 13, 2005

Read twice and referred to the Committee on Finance.
Sep 13, 2005

Introduced in Senate

Amendments

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