H.R. 223 — Business Expensing Act of 2003

Summary

Business Expensing Act of 2003 - Amends the Internal Revenue Code to: (1) increase the first year bonus depreciation to 50 percent for property acquired after December 31, 2003, if no written binding contract was in effect before January 1, 2003; and (2) extend bonus depreciation provisions to 2007.

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Legislative Actions

2003-01-07
Introduced in House
2003-01-07
Introduced in House
2003-01-07
Referred to the House Committee on Ways and Means.

Business Expensing Act of 2003

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