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Fixed Asset Relief Act of 2015

1/11/2023, 1:30 PM

Congressional Summary of HR 3213

Fixed Asset Relief Act of 2015

This bill amends the Internal Revenue Code to increase the additional depreciation allowance (bonus depreciation) from 50% to 100% of the adjusted basis of qualifying business property and to make such increased allowance permanent.

Current Status of Bill HR 3213

Bill HR 3213 is currently in the status of Bill Introduced since July 23, 2015. Bill HR 3213 was introduced during Congress 114 and was introduced to the House on July 23, 2015.  Bill HR 3213's most recent activity was Referred to the House Committee on Ways and Means. as of July 23, 2015

Bipartisan Support of Bill HR 3213

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3213

Primary Policy Focus

Taxation

Potential Impact Areas

- Business investment and capital
- Income tax deductions

Alternate Title(s) of Bill HR 3213

Fixed Asset Relief Act of 2015
To amend the Internal Revenue Code of 1986 to make 100 percent bonus depreciation permanent.
Fixed Asset Relief Act of 2015

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