S 1523
109th Congress
Senate
Taxation
Commerce
Computer software
Depreciation and amortization
Economics and Public Finance
Income tax
Indexing (Economic policy)
Science, Technology, Communications
Small business
Tax deductions
Small Business Expensing Permanency Act of 2005
Introduced: July 28, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9290)
Jul 28, 2005
Sponsor introductory remarks on measure. (CR S9290)
Jul 28, 2005
Introduced in Senate
Plain-English summary
Small Business Expensing Permanency Act of 2005 - Amends the Internal Revenue Code to make permanent the increased expensing allowance ($100,000) for depreciable business assets and related provisions pertaining to phaseout amounts, inflation adjustments, and the period for revocation of an election.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9290)
Committees of jurisdiction
1
Cosponsors
1