HR 1079 · 108th Congress · Taxation

Neutral Cost Recovery Act for Small Business

Introduced 2003-03-05· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2003-03-05)

Plain Language Summary

[AI summary unavailable — showing source text] Neutral Cost Recovery Act for Small Business - Amends the Internal Revenue Code to: (1) provide for increased expensing for small businesses; and (2) require that the depreciation deduction for certain property placed in service after 2003 be computed using neutral cost recovery ratios.…

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

Cosponsors (3)

3 Republicans
Rep. Hoekstra, Peter [R-MI-2]MI
Rep. Ehlers, Vernon J. [R-MI-3]MI
Rep. Camp, Dave [R-MI-4]MI