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

Taxation. 112th Congress (2011-2012) View bill details
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
    scale for bar graph of contributions

    Contributions

    1. January - February 2007 For $875,759 Against $0
    2. March - April 2007 For $2,085,025 Against $0
    3. May - June 2007 For $1,900,655 Against $0
    4. July - August 2007 For $878,775 Against $0
    5. September - October 2007 For $1,598,172 Against $0
    6. November - December 2007 For $1,435,144 Against $0
    7. January - February 2008 For $1,099,813 Against $0
    8. March - April 2008 For $1,903,265 Against $0
    9. May - June 2008 For $1,864,191 Against $0
    10. July - August 2008 For $1,040,919 Against $0
    11. September - October 2008 For $2,726,568 Against $0
    12. November - December 2008 For $763,960 Against $0
    13. January - February 2009 For $415,806 Against $0
    14. March - April 2009 For $907,272 Against $0
    15. May - June 2009 For $858,035 Against $0
    16. July - August 2009 For $656,211 Against $0
    17. September - October 2009 For $954,787 Against $0
    18. November - December 2009 For $951,807 Against $0
    19. January - February 2010 For $709,326 Against $0
    20. March - April 2010 For $1,093,309 Against $0
    21. May - June 2010 For $1,173,812 Against $0
    22. July - August 2010 For $974,703 Against $0
    23. September - October 2010 For $1,926,057 Against $0
    24. November - December 2010 For $460,831 Against $0
    25. January - February 2011 For $719,304 Against $0
    26. March - April 2011 For $1,599,800 Against $0
    27. May - June 2011 For $1,780,391 Against $0
    28. July - August 2011 For $882,026 Against $0
    29. September - October 2011 For $1,478,065 Against $0
    30. November - December 2011 For $1,214,069 Against $0
    31. January - February 2012 For $819,795 Against $0
    32. March - April 2012 For $1,615,778 Against $0
    33. May - June 2012 For $1,637,888 Against $0
    34. July - August 2012 For $1,002,180 Against $0
    35. September - October 2012 For $1,765,454 Against $0
    36. November - December 2012 For $506,350 Against $0

    Votes

      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$18,000$0
      Andrew Lamar AlexanderRTN$539,550$0
      Kelly AyotteRNH$468,392$0
      John BarrassoRWY$743,916$0
      Max BaucusDMT$907,897$0
      Mark BegichDAK$272,744$0
      Jesse "Jeff" BingamanDNM$74,750$0
      Barbara BoxerDCA$653,293$0
      Scott P. BrownRMA$1,587,843$0
      Sherrod BrownDOH$538,451$0
      Maria CantwellDWA$266,656$0
      Ben CardinDMD$371,375$0
      Tom CarperDDE$338,400$0
      Bob CaseyDPA$582,728$0
      Clarence Saxby ChamblissRGA$1,293,688$0
      Daniel CoatsRIN$396,700$0
      Tom CoburnROK$219,380$0
      William Thad CochranRMS$412,250$0
      Susan M. CollinsRME$780,714$0
      Gaylord Kent ConradDND$94,600$0
      Christopher A. CoonsDDE$192,300$0
      Bob CorkerRTN$1,018,870$0
      John CornynRTX$1,125,905$0
      Jim DeMintRSC$531,670$0
      Dick DurbinDIL$707,167$0
      Mike EnziRWY$177,850$0
      Dianne FeinsteinDCA$680,600$0
      Al FrankenDMN$237,109$0
      Kirsten E. GillibrandDNY$1,209,082$0
      Lindsey GrahamRSC$733,410$0
      Kay R. HaganDNC$299,025$0
      Tom HarkinDIA$309,171$0
      Orrin G. HatchRUT$697,100$0
      Dean HellerRNV$1,168,328$0
      Kay Bailey HutchisonRTX$157,943$0
      Jim InhofeROK$864,088$0
      Dan InouyeDHI$879,900$0
      Mike JohannsRNE$519,085$0
      Tim JohnsonDSD$279,250$0
      John F. KerryDMA$345,365$0
      Mark KirkRIL$1,085,200$0
      Amy KlobucharDMN$438,050$0
      Herb KohlDWI$0$0
      Jon KylRAZ$41,950$0
      Mary L. LandrieuDLA$908,967$0
      Frank R. LautenbergDNJ$464,110$0
      Carl LevinDMI$514,923$0
      Joe LiebermanICT$78,350$0
      Dick LugarRIN$508,249$0
      Joe Manchin, IIIDWV$1,270,752$0
      Claire McCaskillDMO$852,791$0
      Addison "Mitch" McConnellRKY$1,946,379$0
      Bob MenéndezDNJ$1,015,225$0
      Jeff MerkleyDOR$124,625$0
      Barbara A. MikulskiDMD$518,108$0
      Earl "Ben" NelsonDNE$322,675$0
      Clarence "Bill" NelsonDFL$968,407$0
      Mark L. PryorDAR$592,537$0
      John "Jack" ReedDRI$299,848$0
      Harry ReidDNV$1,326,919$0
      Jim RischRID$288,130$0
      Charles "Pat" RobertsRKS$579,865$0
      John "Jay" RockefellerDWV$850,361$0
      Bernie SandersIVT$14,750$0
      Jeff SessionsRAL$540,320$0
      Jeanne ShaheenDNH$235,730$0
      Olympia J. SnoweRME$375,800$0
      Debbie StabenowDMI$602,816$0
      Jon TesterDMT$379,098$0
      Mark UdallDCO$566,973$0
      Tom UdallDNM$264,400$0
      David VitterRLA$807,922$0
      Mark R. WarnerDVA$1,113,752$0
      Jim WebbDVA$181,850$0
      Sheldon WhitehouseDRI$216,399$0
      Roger F. WickerRMS$1,284,526$0

      Add Data Filters:

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      NamePartyState$ From Interest Groups
      That Supported
      $ From Interest Groups
      That Opposed
      Daniel K. AkakaDHI$18,000$0
      Andrew Lamar AlexanderRTN$539,550$0
      Kelly AyotteRNH$468,392$0
      John BarrassoRWY$743,916$0
      Max BaucusDMT$907,897$0
      Mark BegichDAK$272,744$0
      Jesse "Jeff" BingamanDNM$74,750$0
      Barbara BoxerDCA$653,293$0
      Scott P. BrownRMA$1,587,843$0
      Sherrod BrownDOH$538,451$0
      Maria CantwellDWA$266,656$0
      Ben CardinDMD$371,375$0
      Tom CarperDDE$338,400$0
      Bob CaseyDPA$582,728$0
      Clarence Saxby ChamblissRGA$1,293,688$0
      Daniel CoatsRIN$396,700$0
      Tom CoburnROK$219,380$0
      William Thad CochranRMS$412,250$0
      Susan M. CollinsRME$780,714$0
      Gaylord Kent ConradDND$94,600$0
      Christopher A. CoonsDDE$192,300$0
      Bob CorkerRTN$1,018,870$0
      John CornynRTX$1,125,905$0
      Jim DeMintRSC$531,670$0
      Dick DurbinDIL$707,167$0
      Mike EnziRWY$177,850$0
      Dianne FeinsteinDCA$680,600$0
      Al FrankenDMN$237,109$0
      Kirsten E. GillibrandDNY$1,209,082$0
      Lindsey GrahamRSC$733,410$0
      Kay R. HaganDNC$299,025$0
      Tom HarkinDIA$309,171$0
      Orrin G. HatchRUT$697,100$0
      Dean HellerRNV$1,168,328$0
      Kay Bailey HutchisonRTX$157,943$0
      Jim InhofeROK$864,088$0
      Dan InouyeDHI$879,900$0
      Mike JohannsRNE$519,085$0
      Tim JohnsonDSD$279,250$0
      John F. KerryDMA$345,365$0
      Mark KirkRIL$1,085,200$0
      Amy KlobucharDMN$438,050$0
      Herb KohlDWI$0$0
      Jon KylRAZ$41,950$0
      Mary L. LandrieuDLA$908,967$0
      Frank R. LautenbergDNJ$464,110$0
      Carl LevinDMI$514,923$0
      Joe LiebermanICT$78,350$0
      Dick LugarRIN$508,249$0
      Joe Manchin, IIIDWV$1,270,752$0
      Claire McCaskillDMO$852,791$0
      Addison "Mitch" McConnellRKY$1,946,379$0
      Bob MenéndezDNJ$1,015,225$0
      Jeff MerkleyDOR$124,625$0
      Barbara A. MikulskiDMD$518,108$0
      Earl "Ben" NelsonDNE$322,675$0
      Clarence "Bill" NelsonDFL$968,407$0
      Mark L. PryorDAR$592,537$0
      John "Jack" ReedDRI$299,848$0
      Harry ReidDNV$1,326,919$0
      Jim RischRID$288,130$0
      Charles "Pat" RobertsRKS$579,865$0
      John "Jay" RockefellerDWV$850,361$0
      Bernie SandersIVT$14,750$0
      Jeff SessionsRAL$540,320$0
      Jeanne ShaheenDNH$235,730$0
      Olympia J. SnoweRME$375,800$0
      Debbie StabenowDMI$602,816$0
      Jon TesterDMT$379,098$0
      Mark UdallDCO$566,973$0
      Tom UdallDNM$264,400$0
      David VitterRLA$807,922$0
      Mark R. WarnerDVA$1,113,752$0
      Jim WebbDVA$181,850$0
      Sheldon WhitehouseDRI$216,399$0
      Roger F. WickerRMS$1,284,526$0

      Interest Groups that supported this bill

      $ Donated
      Defense aerospace contractors$3,700,345
      Gas & Electric Utilities$3,473,443
      Public works, industrial & commercial construction$3,168,654
      Railroads$2,705,361
      Engineering, architecture & construction mgmt svcs$2,689,496
      Telephone utilities$2,626,279
      Defense electronic contractors$2,502,948
      Cable distributors & service providers$2,380,722
      Industrial/commercial equipment & materials$2,044,500
      Coal mining$1,925,559
      Stone, clay, glass & concrete products$1,678,655
      Auto dealers, new & used$1,660,105
      Airlines$1,357,314
      Express delivery services$1,218,473
      Architectural services$1,084,773
      Electronics manufacturing & services$1,064,142
      Special trade contractors$924,483
      Cell/wireless service providers$888,968
      Auto manufacturers$853,544
      Defense shipbuilders$668,050
      Auto dealers, foreign imports$617,645
      Metal mining & processing$601,123
      Aircraft parts & equipment$510,650
      Plastics & Rubber processing & products$469,532
      Construction equipment$456,890
      Farm machinery & equipment$446,222
      Plumbing, heating & air conditioning$430,975
      Aircraft manufacturers$357,350
      Equipment rental & leasing$339,345
      General business associations$293,700
      Manufacturing$215,909
      Chambers of commerce$199,054
      Other construction-related products$185,751
      Office machines$183,850
      Plumbing & pipe products$167,546
      Freight & delivery services$105,770
      Defense$78,176

      Interest Groups that opposed this bill

      $ Donated
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