HR 179
108th Congress
House
Taxation
Commerce
Cost of living adjustments
Depreciation and amortization
Economics and Public Finance
Income tax
Indexing (Economic policy)
Small business
Tax deductions
Small Business Expensing Improvement Act of 2003
Introduced: January 7, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 7, 2003
Referred to the House Committee on Ways and Means.
Jan 7, 2003
Sponsor introductory remarks on measure. (CR E28)
Jan 7, 2003
Introduced in House
Plain-English summary
Small Business Expensing Improvement Act of 2003 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to increase the maximum amount which may be expensed to $75,000 and the phase-out threshold to $325,000.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1