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Five Permanent Extenders Bills Passed by U.S. House Ways and Means Committee

21 September 2015

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Proposed Changes

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United States

On September 17 2015, the U.S. House Ways and Means Committee passed five permanent extenders bills. The bills include: H.R. 2510 - which would make permanent the additional 50% depreciation allowance, known as bonus depreciation, for depreciable business property (i.e., qualified property) placed in service after 31 December 2014. H.R. 961 - which would make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. H.R. 1430 - which would make permanent...