HR 657 · 107th Congress · Taxation

Small Business Expensing Improvement Act of 2001

Introduced 2001-02-14· Sponsored by Rep. Herger, Wally [R-CA-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-02-14)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Expensing Improvement Act of 2001 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to: (1) increase maximum annual amounts and the phase-out threshold (eliminating the current phase-in of annual increases); and (2) make certain computer software and property used for lodging eligible for expensing.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Tanner, John S. [D-TN-8]TN