Summary: H.R.7298 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.7298. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/20/2008)

Amends the Internal Revenue Code to: (1) increase and make permanent the expensing allowance for depreciable business assets; and (2) allow a tax deduction, up to $10,000, for the purchase of a motor vehicle manufactured in the United States. Terminates such tax deduction after 2010.