S. 2240 - A Bill to Amend the Internal Revenue Code of 1986 to Extend the Allowance for Bonus Depreciation for Certain Business Assets.

Taxation.
Sponsor:
Summary:
A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

A Bill to Amend the Internal Revenue Code of 1986 to Extend the Allowance for Bonus Depreciation for Certain Business Assets.

S. 2240 — 112th Congress (2011–2012)

Summary
A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Internal Revenue Code of 1986 to extend the allowance for bonus depreciation for certain business assets.
Other Titles
    Sponsor
    Debbie Stabenow
    Co-Sponsors
    Subjects
    • Taxation
    • Business investment and capital
    • Income tax credits
    • Income tax deductions
    Related Bills
    Major Actions
    Introduced3/27/2012
    Referred to Committee
    Bill History

    There have been no votes on this bill.

    ActionDateDescription
    Introduced3/27/2012
    3/27/2012Read twice and referred to the Committee on Finance.
    NumberSponsorDate OfferedStatus
    60 Organizations Supported and 0 Opposed; See Which Ones

    Organizations that took a position on
    A Bill to Amend the Internal Revenue Code of 1986 to Extend the Allowance for Bonus Depreciation for Certain Business Assets.

    60 organizations supported this bill

    Aeronautical Repair Station Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Aerospace Industries Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Air Conditioning Contractors of America
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Airlines for America
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Airlines
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Concrete Pressure Pipe Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Council of Engineering Companies
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Institute of Architects
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Rental Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Road & Transportation Builders Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    American Traffic Safety Services Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Arch Coal
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Associated Equipment Distributors
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Association for Manufacturing Technology
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Association of American Railroads
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Boeing
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Caterpillar
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Cliffs Natural Resources
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    CMS Energy
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Comcast
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Cox Enterprises
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    CTIA - The Wireless Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Deere & Company
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Distribution Contractors Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Far West Equipment Dealers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Farm Equipment Manufacturers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    FedEx
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Frontier Communications
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    General Aviation Manufacturers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    General Dynamics
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    General Motors
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Goodyear Tire & Rubber
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Hawker Beechcraft
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Heating, Air-Conditioning & Refrigeration Distributors International
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Interlocking Concrete Pavement Institute
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Lockheed Martin
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Material Handling Equipment Distributors Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Asphalt Pavement Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Association of Manufacturers
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Automobile Dealers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Cable & Telecommunications Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Stone, Sand & Gravel Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    National Utility Contractors Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    North American Equipment Dealers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Northrop Grumman
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Peabody Energy
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Raytheon
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Rockwell Collins
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Shaw Group
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    T-Mobile
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    TechAmerica
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Time Warner Cable
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    U.S. Chamber of Commerce
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Uni-Bell PVC Pipe Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    United States Telecom Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Verizon Communications
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Volvo Group North America
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Water and Wastewater Equipment Manufacturers Association
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Western Business Roundtable
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.
    Xerox
    undersigned (2012, June 1). Bonus AMT PCM Support Letter (HR 4196, S 2240). Retrieved February 5, 2014, from AED.

    0 organizations opposed this bill

    Need proof?

    View citations of support and opposition

    Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$22,000$0
    Andrew Lamar AlexanderRTN$533,800$0
    Kelly AyotteRNH$491,976$0
    John BarrassoRWY$788,416$0
    Max BaucusDMT$955,802$0
    Mark BegichDAK$285,024$0
    Michael BennetDCO$603,824$0
    Jesse "Jeff" BingamanDNM$71,500$0
    Richard BlumenthalDCT$257,325$0
    Roy BluntRMO$1,547,570$0
    John BoozmanRAR$376,301$0
    Barbara BoxerDCA$773,103$0
    Scott BrownRMA$1,647,043$0
    Sherrod BrownDOH$580,526$0
    Richard BurrRNC$879,076$0
    Maria CantwellDWA$385,980$0
    Ben CardinDMD$407,073$0
    Tom CarperDDE$384,800$0
    Bob CaseyDPA$604,878$0
    Clarence Saxby ChamblissRGA$1,256,603$0
    Daniel CoatsRIN$458,385$0
    Tom CoburnROK$232,250$0
    William Thad CochranRMS$375,950$0
    Susan CollinsRME$805,465$0
    Gaylord Kent ConradDND$95,100$0
    Chris CoonsDDE$189,650$0
    Bob CorkerRTN$1,012,660$0
    John CornynRTX$1,075,948$0
    Mike CrapoRID$363,109$0
    Jim DeMintRSC$548,319$0
    Dick DurbinDIL$710,567$0
    Mike EnziRWY$200,100$0
    Dianne FeinsteinDCA$737,650$0
    Alan FrankenDMN$312,289$0
    Kirsten GillibrandDNY$1,344,849$0
    Lindsey GrahamRSC$724,603$0
    Chuck GrassleyRIA$606,517$0
    Kay HaganDNC$312,600$0
    Tom HarkinDIA$338,535$0
    Orrin HatchRUT$763,381$0
    Dean HellerRNV$1,142,545$0
    John HoevenRND$517,037$0
    Kay Bailey HutchisonRTX$139,693$0
    Jim InhofeROK$801,469$0
    Dan InouyeDHI$878,100$0
    Johnny IsaksonRGA$856,902$0
    Mike JohannsRNE$501,635$0
    Ron JohnsonRWI$432,932$0
    Tim JohnsonDSD$296,250$0
    John KerryDMA$472,723$0
    Mark KirkRIL$958,362$0
    Amy KlobucharDMN$489,887$0
    Herb KohlDWI$0$0
    Jon KylRAZ$38,450$0
    Mary LandrieuDLA$900,262$0
    Frank LautenbergDNJ$449,210$0
    Patrick LeahyDVT$296,185$0
    Mike LeeRUT$213,789$0
    Carl LevinDMI$551,023$0
    Joe LiebermanICT$78,350$0
    Dick LugarRIN$475,899$0
    Joe ManchinDWV$1,206,702$0
    John McCainRAZ$635,420$0
    Claire McCaskillDMO$900,591$0
    Addison "Mitch" McConnellRKY$1,947,304$0
    Bob MenéndezDNJ$1,048,275$0
    Jeff MerkleyDOR$179,950$0
    Barbara MikulskiDMD$503,675$0
    Jerry MoranRKS$664,512$0
    Lisa MurkowskiRAK$657,292$0
    Patty MurrayDWA$1,094,495$0
    Earl "Ben" NelsonDNE$328,550$0
    Clarence "Bill" NelsonDFL$995,565$0
    Rand PaulRKY$328,307$0
    Rob PortmanROH$1,267,639$0
    Mark PryorDAR$636,687$0
    John "Jack" ReedDRI$301,898$0
    Harry ReidDNV$1,425,419$0
    Jim RischRID$268,580$0
    Charles "Pat" RobertsRKS$558,013$0
    John "Jay" RockefellerDWV$837,111$0
    Marco RubioRFL$661,831$0
    Bernie SandersIVT$17,321$0
    Chuck SchumerDNY$855,688$0
    Jeff SessionsRAL$524,120$0
    Jeanne ShaheenDNH$273,021$0
    Richard ShelbyRAL$813,650$0
    Olympia SnoweRME$395,750$0
    Debbie StabenowDMI$645,971$0
    Jon TesterDMT$425,681$0
    John ThuneRSD$895,047$0
    Patrick ToomeyRPA$840,659$0
    Mark UdallDCO$647,423$0
    Tom UdallDNM$276,800$0
    David VitterRLA$781,597$0
    Mark WarnerDVA$1,131,332$0
    Jim WebbDVA$191,100$0
    Sheldon WhitehouseDRI$278,782$0
    Roger WickerRMS$1,093,476$0
    Ron WydenDOR$573,624$0

    Add Data Filters:

    Legislator Filters
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    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$22,000$0
    Andrew Lamar AlexanderRTN$533,800$0
    Kelly AyotteRNH$491,976$0
    John BarrassoRWY$788,416$0
    Max BaucusDMT$955,802$0
    Mark BegichDAK$285,024$0
    Michael BennetDCO$603,824$0
    Jesse "Jeff" BingamanDNM$71,500$0
    Richard BlumenthalDCT$257,325$0
    Roy BluntRMO$1,547,570$0
    John BoozmanRAR$376,301$0
    Barbara BoxerDCA$773,103$0
    Scott BrownRMA$1,647,043$0
    Sherrod BrownDOH$580,526$0
    Richard BurrRNC$879,076$0
    Maria CantwellDWA$385,980$0
    Ben CardinDMD$407,073$0
    Tom CarperDDE$384,800$0
    Bob CaseyDPA$604,878$0
    Clarence Saxby ChamblissRGA$1,256,603$0
    Daniel CoatsRIN$458,385$0
    Tom CoburnROK$232,250$0
    William Thad CochranRMS$375,950$0
    Susan CollinsRME$805,465$0
    Gaylord Kent ConradDND$95,100$0
    Chris CoonsDDE$189,650$0
    Bob CorkerRTN$1,012,660$0
    John CornynRTX$1,075,948$0
    Mike CrapoRID$363,109$0
    Jim DeMintRSC$548,319$0
    Dick DurbinDIL$710,567$0
    Mike EnziRWY$200,100$0
    Dianne FeinsteinDCA$737,650$0
    Alan FrankenDMN$312,289$0
    Kirsten GillibrandDNY$1,344,849$0
    Lindsey GrahamRSC$724,603$0
    Chuck GrassleyRIA$606,517$0
    Kay HaganDNC$312,600$0
    Tom HarkinDIA$338,535$0
    Orrin HatchRUT$763,381$0
    Dean HellerRNV$1,142,545$0
    John HoevenRND$517,037$0
    Kay Bailey HutchisonRTX$139,693$0
    Jim InhofeROK$801,469$0
    Dan InouyeDHI$878,100$0
    Johnny IsaksonRGA$856,902$0
    Mike JohannsRNE$501,635$0
    Ron JohnsonRWI$432,932$0
    Tim JohnsonDSD$296,250$0
    John KerryDMA$472,723$0
    Mark KirkRIL$958,362$0
    Amy KlobucharDMN$489,887$0
    Herb KohlDWI$0$0
    Jon KylRAZ$38,450$0
    Mary LandrieuDLA$900,262$0
    Frank LautenbergDNJ$449,210$0
    Patrick LeahyDVT$296,185$0
    Mike LeeRUT$213,789$0
    Carl LevinDMI$551,023$0
    Joe LiebermanICT$78,350$0
    Dick LugarRIN$475,899$0
    Joe ManchinDWV$1,206,702$0
    John McCainRAZ$635,420$0
    Claire McCaskillDMO$900,591$0
    Addison "Mitch" McConnellRKY$1,947,304$0
    Bob MenéndezDNJ$1,048,275$0
    Jeff MerkleyDOR$179,950$0
    Barbara MikulskiDMD$503,675$0
    Jerry MoranRKS$664,512$0
    Lisa MurkowskiRAK$657,292$0
    Patty MurrayDWA$1,094,495$0
    Earl "Ben" NelsonDNE$328,550$0
    Clarence "Bill" NelsonDFL$995,565$0
    Rand PaulRKY$328,307$0
    Rob PortmanROH$1,267,639$0
    Mark PryorDAR$636,687$0
    John "Jack" ReedDRI$301,898$0
    Harry ReidDNV$1,425,419$0
    Jim RischRID$268,580$0
    Charles "Pat" RobertsRKS$558,013$0
    John "Jay" RockefellerDWV$837,111$0
    Marco RubioRFL$661,831$0
    Bernie SandersIVT$17,321$0
    Chuck SchumerDNY$855,688$0
    Jeff SessionsRAL$524,120$0
    Jeanne ShaheenDNH$273,021$0
    Richard ShelbyRAL$813,650$0
    Olympia SnoweRME$395,750$0
    Debbie StabenowDMI$645,971$0
    Jon TesterDMT$425,681$0
    John ThuneRSD$895,047$0
    Patrick ToomeyRPA$840,659$0
    Mark UdallDCO$647,423$0
    Tom UdallDNM$276,800$0
    David VitterRLA$781,597$0
    Mark WarnerDVA$1,131,332$0
    Jim WebbDVA$191,100$0
    Sheldon WhitehouseDRI$278,782$0
    Roger WickerRMS$1,093,476$0
    Ron WydenDOR$573,624$0

    Interest Groups that supported this bill

    $ Donated
    Cable & satellite TV production & distribution$4,813,429
    Gas & Electric Utilities$4,492,808
    Defense aerospace contractors$4,381,517
    Computer software$4,123,864
    Railroads$3,691,636
    Industrial/commercial equipment & materials$3,347,303
    Telephone utilities$3,332,006
    Public works, industrial & commercial construction$3,210,448
    Engineering, architecture & construction mgmt svcs$3,185,615
    Defense electronic contractors$3,047,306
    Coal mining$2,839,934
    Stone, clay, glass & concrete products$2,208,076
    Auto dealers, new & used$1,976,529
    Airlines$1,758,041
    Cellular systems and equipment$1,656,395
    Express delivery services$1,614,008
    Architectural services$1,177,494
    Special trade contractors$1,108,740
    Auto manufacturers$1,001,794
    Defense shipbuilders$982,000
    Auto dealers, foreign imports$799,921
    Metal mining & processing$725,073
    Plastics & Rubber processing & products$692,546
    Farm machinery & equipment$642,572
    Aircraft parts & equipment$640,354
    Construction equipment$620,890
    Plumbing, heating & air conditioning$568,225
    General business associations$556,835
    Aircraft manufacturers$531,150
    Equipment rental & leasing$490,540
    Other construction-related products$281,051
    Chambers of commerce$262,394
    Office machines$241,590
    Manufacturing$234,182
    Plumbing & pipe products$184,846
    Freight & delivery services$149,620
    Defense$89,376

    Interest Groups that opposed this bill

    $ Donated
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