S 160
108th Congress
Senate
Taxation
Administrative procedure
Antennas
Broadband
Cable television
Capital investments
Commerce
Communication satellites
Cooperative societies
Corporation taxes
Department of the Treasury
Depreciation and amortization
Depressed areas
District of Columbia
Economics and Public Finance
Enterprise zones
Government Operations and Politics
Government paperwork
Housing and Community Development
Income tax
A bill to amend the Internal Revenue Code of 1986 to allow the expensing of broadband Internet access expenditures, and for other purposes.
Introduced: January 14, 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 14, 2003
Read twice and referred to the Committee on Finance.
Jan 14, 2003
Sponsor introductory remarks on measure. (CR S302-303)
Jan 14, 2003
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to: (1) permit any qualified broadband expenditure which is paid or incurred by the taxpayer to be treated as an expense which is not chargeable to capital account; and (2) any expenditure so treated to be allowed as a deduction. Defines terms and sets forth rules.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1