Small Business Expensing Act of 2003

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/7/03)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Wilson

House (R) South Carolina – 2

Cosponsors (17)

Franks

(R) AZ

HASTINGS

(R) WA

SENSENBRENNER

(R) WI

DUNCAN

(R) TN

PLATTS

(R) PA

TOOMEY

(R) PA

HOEKSTRA

(R) MI

CARSON

(D) IN

AKIN

(R) MO

Kline

(R) MN

Topics

Business & Finance

Latest Action

Referred to the House Committee on Ways and Means.

Jan 7, 2003

View Bill on Congress.gov