Depreciation Bonus Extension Introduced in Senate

Sen. Debbie Stabenow (D-Mich.) has introduced a bipartisan bill that would extend the depreciation bonus through 2012 (S. 2240).

S. 2240 is a companion measure to legislation introduced in the House by Rep. Patrick Tiberi (R-Ohio) (H.R. 4196) in mid-March. Tiberi’s bill has seen a steady swell of bipartisan support and now enjoys 34 co-sponsors.

Both proposals would extend 100 percent depreciation bonus through 2012 and are similar to language passed by the House during the payroll tax cut extension debate at the end of 2011.

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