H.R. 5906, The Small Business Capitol Expansion and Improvement Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5906 would amend the Internal Revenue Code of 1986 to allow the expensing of certain real property.

Detailed Summary

Small Business Capitol Expansion and Improvement Act of 2008 - Amends the Internal Revenue Code to allow employers whose average annual gross receipts over a three-year period do not exceed $5 million an election to expense up to $125,000 of the cost of depreciable real property.

Status of the Legislation

Latest Major Action: 4/24/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.

Points in Favor

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Points Against

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