Summary: H.R.4128 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.4128. Bill summaries are authored by CRS.

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Introduced in House (04/02/2004)

Amends the Internal Revenue Code to permanently extend the 50 percent and 30 percent bonus depreciation for certain original use property, including water utility property, computer software, or qualified leasehold improvement property, with a recovery period of 20 years or less. Allows a taxpayer to elect an increased refundable minimum tax credit in lieu of taking a bonus depreciation deduction.