HR 1388 · 109th Congress · Taxation

Small Business Expensing Permanency Act of 2005

Introduced 2005-03-17· 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.(2005-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (3)

3 Republicans
Rep. Musgrave, Marilyn N. [R-CO-4]CO
Rep. Bishop, Rob [R-UT-1]UT
Rep. Doolittle, John T. [R-CA-4]CA