H.R. 361 · 111th Congress · 2009–2010
To amend the Internal Revenue Code of 1986 to provide a 1-year extension of the increased expensing of certain depreciable business assets and the special depreciation allowance for certain business property.
H.R. 361 in the 111th Congress (2009–2010) was introduced on Jan 9, 2009, sponsored by Bobby Bright with 2 co-sponsors.
During the 111th Congress (2009–2010), George W. Bush was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jan 9, 2009
- Co-sponsors
- 2
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to extend through 2009: (1) the increased ($250,000) expensing allowance for depreciable business assets; and (2) the additional 50% depreciation allowance for certain types of investment property (bonus depreciation).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Bobby Bright (D-AL). Co-sponsors: 2 Democrats.
Where it stands
- IntroducedJan 9, 2009
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 9, 2009)
More bills from Bobby Bright in the 111th Congress
Other Taxation bills in the 111th Congress
- H.R. 4462: To accelerate the income tax benefits for charitable cash contributions for the relief of victims…
- H.R. 4887: TRICARE Affirmation Act
- H.R. 5623: Homebuyer Assistance and Improvement Act of 2010
- H.R. 4213: Unemployment Compensation Extension Act of 2010
- H.R. 1586: Aviation Safety and Investment Act of 2010
- H.R. 5552: Firearms Excise Tax Improvement Act of 2010
- H.R. 4783: Claims Resolution Act of 2010
- H.R. 4994: Medicare and Medicaid Extenders Act of 2010
- H.R. 4337: Regulated Investment Company Modernization Act of 2010
- H.R. 5901: Real Estate Jobs and Investment Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 361 (111th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/111-hr-361/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).