HR 4470 · 107th Congress 2001–2003, ended

Small Business Expensing Improvement Act of 2002

Introduced Apr 17, 2002 Originated House Sponsor Wally Herger R-CA

Latest action · Apr 17, 2002 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedApr 17, 2002
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Small Business Expensing Improvement Act of 2002 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to: (1) increase the maximum amount which may be expensed to $40,000 (eliminating the current phase-in of annual increases) and the phase-out threshold to $325,000; and (2) make certain computer software and property used for lodging eligible for section 179 expensing.

Cosponsors 12

Members who signed on, in the order they did. Signatures ran from Apr 17, 2002 to Jun 11, 2002; 10 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
R-NY	Amo Houghton	Original	Apr 17, 2002
R-IL	Jerry Weller	Original	Apr 17, 2002
D-TN	John S. Tanner	Original	Apr 17, 2002
R-GA	Mac Collins	Original	Apr 17, 2002
R-FL	Mark Foley	Original	Apr 17, 2002
R-CT	Nancy L. Johnson	Original	Apr 17, 2002
R-IL	Philip M. Crane	Original	Apr 17, 2002
R-OH	Rob Portman	Original	Apr 17, 2002
R-KY	Ron Lewis	Original	Apr 17, 2002
R-CO	Scott McInnis	Original	Apr 17, 2002
R-PA	Melissa A. Hart		Apr 29, 2002
R-IL	Donald A. Manzullo		Jun 11, 2002

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Apr 17, 2002

Actions 3

Everything that happened, newest first.

Apr 17, 2002Introduced in House
Apr 17, 2002Sponsor introductory remarks on measure. (CR E562-563)
Apr 17, 2002Referred to the House Committee on Ways and Means.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

Where	In the Record	Members	Date
Extensions	Debate and remarks E562	Wally Herger R-CA	Apr 17, 2002

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to expand the depreciation benefits available to small businesses, and for other purposes.
Short Titles as Introduced: Small Business Expensing Improvement Act of 2002

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Apr 17, 2002Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.