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S 2023 107th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide for an increase in expensing under section 179.

Introduced: March 15, 2002 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
Taxation Business income taxCommerceDepreciation and amortizationIncome taxTax deductions
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2002
Read twice and referred to the Committee on Finance.
Mar 15, 2002
Sponsor introductory remarks on measure. (CR S1979-1980)
Mar 15, 2002
Introduced in Senate
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 Latest action March 15, 2002

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code by raising the section 179 expensing limitation to $40,000 and the total at which phaseout of maximum benefit begins to $325,000.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2023: A bill to amend the Internal Revenue Code of 1986 to provide for an increase in expensing under section 179.. 107th Congress. Open America. https://openamerica.io/bill/107-S-2023/
MLA
"S. 2023: A bill to amend the Internal Revenue Code of 1986 to provide for an increase in expensing under section 179.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2023/.
Bluebook (legal)
S. 2023, 107th Cong. (2026), https://openamerica.io/bill/107-S-2023/.
Markdown link
[S. 2023: A bill to amend the Internal Revenue Code of 1986 to provide for an increase in expensing under section 179.](https://openamerica.io/bill/107-S-2023/)
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