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HR 223 108th Congress House Taxation Automobiles Building construction Commerce Computer software Contracts Depreciation and amortization Income tax Infrastructure Leases Motor vehicles Public utilities Science, Technology, Communications Tax deductions Transportation and Public Works Water Resources Development Water supply

Business Expensing Act of 2003

Introduced: January 7, 2003 Introduced by: Wilson, Joe Republican · South Carolina See on congress.gov
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 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
Introduced in House
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 Plain-English summary Congressional Research Service
Business Expensing Act of 2003 - Amends the Internal Revenue Code to: (1) increase the first year bonus depreciation to 50 percent for property acquired after December 31, 2003, if no written binding contract was in effect before January 1, 2003; and (2) extend bonus depreciation provisions to 2007.
What's happening now January 7, 2003

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 223: Business Expensing Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-223/
MLA
"H.R. 223: Business Expensing Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-223/.
Bluebook (legal)
H.R. 223, 108th Cong. (2026), https://openamerica.io/bill/108-HR-223/.
Markdown link
[H.R. 223: Business Expensing Act of 2003](https://openamerica.io/bill/108-HR-223/)
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