H.R. 6612 · 110th Congress · 2007–2008
To amend the Internal Revenue Code of 1986 to increase and make permanent the election to expense certain refineries.
H.R. 6612 in the 110th Congress (2007–2008) was introduced on Jul 24, 2008, sponsored by Donald Cazayoux Jr. with 5 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
- Jul 24, 2008
- Co-sponsors
- 5
- Policy area
- Taxation
What it does
Amends the Internal Revenue Code to increase the expensing allowance for qualified refinery property from 50 to 100% of its cost for property placed in service after July 15, 2008, and before January 1, 2012. Makes permanent the 50% expensing allowance for such property.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Donald Cazayoux Jr. (D-LA). Co-sponsors: 5 Democrats.
Where it stands
- IntroducedJul 24, 2008
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jul 24, 2008)
More bills from Donald Cazayoux Jr. in the 110th Congress
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.
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Capitol Receipts, “H.R. 6612 (110th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/110-hr-6612/to-amend-the-internal-revenue-code-of-1986-to (accessed 2026-10-17).