HR 4087
107th Congress
House
Taxation
Business income tax
Commerce
Depreciation and amortization
Income tax
Tax deductions
Small Business Investment in Growth Act of 2002
Introduced: April 9, 2002
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 2002
Referred to the House Committee on Ways and Means.
Apr 9, 2002
Sponsor introductory remarks on measure. (CR E450)
Apr 9, 2002
Introduced in House
Plain-English summary
Small Business Investment in Growth Act of 2002 - Increases to $40,000 the maximum amount a taxpayer may expense certain property (Section 179 business property) as a tax deduction for a taxable year. Increases from $200,000 to $325,000 the amount of property triggering the phaseout of such maximum.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1