Number: RL31852
Title: Small Business Expensing Allowance: Current Status, Legislative Proposals, and Economic Effects
Authors: Gary Guenther, Government and Finance Division 
Abstract: This report examines the current status of the small business expensing allowance, its main economic effects, and initiatives in Congress to modify it. The report begins by explaining how the allowance works and summarizing its legislative history. It then discusses proposals in the 110th Congress to alter the current allowance. The report concludes with an assessment of the allowance's implications for economic efficiency, equity, and tax administration.
Pages: 13
Date: September 8, 2008