HR 179 · 108th Congress · Taxation

Small Business Expensing Improvement Act of 2003

Introduced 2003-01-07· 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.(2003-01-07)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Expensing Improvement Act of 2003 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to increase the maximum amount which may be expensed to $75,000 and the phase-out threshold to $325,000.…

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

Cosponsors (14)

14 Republicans
Rep. Weller, Jerry [R-IL-11]IL
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. Crane, Philip M. [R-IL-8]IL
Rep. Lewis, Ron [R-KY-2]KY
Rep. Foley, Mark [R-FL-16]FL
Rep. Manzullo, Donald A. [R-IL-16]IL
Rep. Smith, Nick [R-MI-7]MI
Rep. Wilson, Joe [R-SC-2]SC
Rep. Musgrave, Marilyn N. [R-CO-4]CO
Rep. Graves, Sam [R-MO-6]MO
Rep. Toomey, Patrick J. [R-PA-15]PA
Rep. Pitts, Joseph R. [R-PA-16]PA
Rep. Johnson, Sam [R-TX-3]TX
Rep. Fletcher, Ernie [R-KY-6]KY