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S 1523 109th Congress Senate

Small Business Expensing Permanency Act of 2005

Official title: A bill to amend the Internal Revenue Code of 1986 to make permanent increased expensing for small businesses.

Introduced: October 5, 2005 See on congress.gov
Taxation CommerceComputer softwareDepreciation and amortizationEconomics and Public Finance
More subjectsShow fewer subjects
Income taxIndexing (Economic policy)Science, Technology, CommunicationsSmall businessTax deductions
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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 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
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 Latest action July 28, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9290)

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 1388 Related bill Small Business Expensing Permanency Act of 2005
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Isakson, Johnny
· Oct 5, 2005
 R
Collins, Susan M.
Maine · Sep 8, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1523: Small Business Expensing Permanency Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-1523/
MLA
"S. 1523: Small Business Expensing Permanency Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-1523/.
Bluebook (legal)
S. 1523, 109th Cong. (2026), https://openamerica.io/bill/109-S-1523/.
Markdown link
[S. 1523: Small Business Expensing Permanency Act of 2005](https://openamerica.io/bill/109-S-1523/)
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