Amends the Internal Revenue Code to allow a current year tax deduction of the cost of business equipment placed in service in 2008 and 2009 for which cost recovery periods of three, five, or seven years are currently allowed.
Actions
Jan 22, 2008
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)
Jan 22, 2008
Sponsor introductory remarks on measure. (CR S97-99, S101-105)