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S 2023 107th Congress Senate Taxation Business income tax Commerce Depreciation and amortization Income tax Tax deductions

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
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 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
 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.
What's happening now March 15, 2002

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1