EXPENSE Act of 2007
Last action on Feb 28, 2007Referred to the House Committee on Ways and Means.
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Summary
Expensing Property Expands our Nation's Strong Economy Act of 2007 or the EXPENSE Act of 2007 - 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.
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