House May Act On Bonus Depreciation

By Kerry Lynch

The U.S. House of Representatives could take action this week on a bonus depreciation extension, already approved by the Senate. The House bill, H.R. 5297, which includes the bonus depreciation measure along with a range of small business assistance and tax incentives, was adopted by the Senate as the Small Business Lending Funding Act of 2010, in a 61-32 vote Sept. 16 after Democrats were able to overcome Republican opposition. The House is widely expected to pass the bill ...

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