Section 179 and Bonus Depreciation Expensing Allowances : Current Law, Legislative Proposals in the 112th Congress, and Economic Effects.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Income tax.

Small business.

Tax incentives.

Physical Description:

1 online resource (1 online resource (21 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-RL-31852a in the 2012 issue.

Examines current status of two expensing allowances available to small businesses under Sections 179 and Section 168(k) of the Internal Revenue Code, and discusses initiatives in the 112th Congress to modify them. Explains how the allowance works, summarizes its legislative history, and assesses possible effects of the allowance on economic efficiency, equity, and tax administration.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Section 179 and Bonus Depreciation Expensing Allowances

Access Restriction:

Restricted for use by site license.