H.R. 5109 · 110th Congress · 2007–2008
Economic Growth Act of 2008
H.R. 5109 in the 110th Congress (2007–2008) was introduced on Jan 23, 2008, sponsored by Scott Garrett with 99 co-sponsors.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Jan 23, 2008
- Co-sponsors
- 99
- Policy area
- Taxation
What it does
Economic Growth Act of 2008 - Amends the Internal Revenue Code to: (1) repeal the dollar and other limitations on the expensing allowance of depreciable business assets; (2) reduce to 25% the maximum corporate income tax rate; (3) provide for an inflation adjustment to the basis of certain capital assets for purposes of determining gain or loss; and (4) reduce from 35 to 15% the alternative capital gains tax rate for corporati…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Scott Garrett (R-NJ). Co-sponsors: 99 Republicans.
Where it stands
- IntroducedJan 23, 2008
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 23, 2008)
Other Taxation bills in the 110th Congress
- H.R. 3678: Internet Tax Freedom Act Amendments Act of 2007
- H.R. 4118: To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the…
- H.R. 3648: Mortgage Forgiveness Debt Relief Act of 2007
- H.R. 3996: Tax Increase Prevention Act of 2007
- H.R. 4839: Tax Technical Corrections Act of 2007
- S. 2436: A bill to amend the Internal Revenue Code of 1986 to clarify the term of the Commissioner of…
- H.R. 6081: Heroes Earnings Assistance and Relief Tax Act of 2008
- H.R. 6532: To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance.
- H.R. 7082: Inmate Tax Fraud Prevention Act of 2008
- S. 14: Invest in America Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5109 (110th Congress): Economic Growth Act of 2008,” https://www.capitolreceipts.com/bill/110-hr-5109/economic-growth-act-of-2008 (accessed 2026-10-17).