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.
Actions
Jan 7, 2003
Referred to the House Committee on Ways and Means.