S. 158 — Small Business Expensing Improvement Act of 2003

Summary

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.

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Related Legislation

H.R. 179Small Business Expensing Improvement Act of 2003
2003-01-07Referred to the House Committee on Ways and Means.
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Legislative Actions

2003-01-14
Introduced in Senate
2003-01-14
Sponsor introductory remarks on measure. (CR S299-300)
2003-01-14
Referred to the Committee on Finance. (text of measure as introduced: CR S300)

Small Business Expensing Improvement Act of 2003

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