HR 224 · 108th Congress 2003โ€“2005, ended

Small Business Expensing Act of 2003

Latest action · Jan 7, 2003 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.

  1. IntroducedJan 7, 2003
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Small Business Expensing Act of 2003 - Amends the Internal Revenue Code to increase the annual amount of depreciable business assets (section 179 property) which may be expensed to $75,000.

Cosponsors 17

Members who signed on, in the order they did. Signatures ran from Feb 5, 2003 to Apr 29, 2003.

SeatCosponsorSigned on
R-MTDenny RehbergFeb 5, 2003
R-WIF. James Sensenbrenner, Jr.Feb 5, 2003
R-FLGinny Brown-WaiteFeb 5, 2003
R-SCJ. Gresham BarrettFeb 5, 2003
R-VAJ. Randy ForbesFeb 5, 2003
R-MNJohn KlineFeb 5, 2003
D-INJulia CarsonFeb 5, 2003
R-OHPatrick J. TiberiFeb 5, 2003
R-OHSteven C. LaTouretteFeb 5, 2003
R-PATodd Russell PlattsFeb 5, 2003
R-AZTrent FranksFeb 5, 2003
R-MOW. Todd AkinFeb 5, 2003
R-WADoc HastingsFeb 25, 2003
R-TNJohn J. Duncan, Jr.Feb 27, 2003
R-KSTodd TiahrtMar 12, 2003
R-PAPatrick J. ToomeyMar 18, 2003
R-MIPeter HoekstraApr 29, 2003

Committees 1

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

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Jan 7, 2003

Actions 2

Everything that happened, newest first.

  1. Jan 7, 2003Introduced in House
  2. Jan 7, 2003Referred to the House Committee on Ways and Means.

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 increase the amount that small businesses may expense under section 179 to $75,000.
Short Titles as Introduced
Small Business Expensing Act of 2003

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Jan 7, 2003Introduced 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.