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

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 banki…