HR 224
108th Congress
House
Taxation
Commerce
Depreciation and amortization
Income tax
Small business
Tax deductions
Small Business Expensing Act of 2003
Introduced: January 7, 2003
Introduced by:
Wilson, Joe
Republican
· South Carolina
See on congress.gov
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
Plain-English summary
Small Business Expensing Act of 2003 - Amends the Internal Revenue Code to increase the annual amount of depreciable business assets (section 179 property) which may be expensed to $75,000.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1