There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/25/2005)

Expensing Property Expands our Nation's Strong Economy Act of 2005 or the EXPENSE Act of 2005 - Amends the Internal Revenue Code to: (1) repeal the limitations on the expensing of depreciable business assets; and (2) allow taxpers to elect a two-year recovery period for depreciable property.