Summary: S.2284 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.2284. Bill summaries are authored by CRS.

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Introduced in Senate (04/16/2012)

Amends the Internal Revenue Code to allow an eligible small business to elect to expense the cost of its depreciable assets. Defines "eligible small business" as any trade or business that does not have a net profit in any taxable year of more than $1 million.