Small Business Investment in Growth Act of 2002 - Increases to $40,000 the maximum amount a taxpayer may expense certain property (Section 179 business property) as a tax deduction for a taxable year. Increases from $200,000 to $325,000 the amount of property triggering the phaseout of such maximum.
Actions
Apr 9, 2002
Referred to the House Committee on Ways and Means.
Apr 9, 2002
Sponsor introductory remarks on measure. (CR E450)