Small Business Expensing Improvement Act of 2001 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to: (1) increase maximum annual amounts and the phase-out threshold (eliminating the current phase-in of annual increases); and (2) make certain computer software and property used for lodging eligible for expensing.
Actions
Feb 14, 2001
Referred to the House Committee on Ways and Means.
Feb 14, 2001
Sponsor introductory remarks on measure. (CR E179)