S 158 · 108th Congress 2003–2005, ended

Small Business Expensing Improvement Act of 2003

Introduced Jan 14, 2003 Originated Senate Sponsor Olympia J. Snowe R-ME

Fact sheet

Latest action · Jan 14, 2003 Referred to the Committee on Finance. (text of measure as introduced: CR S300)

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.

IntroducedJan 14, 2003
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Small Business Expensing Improvement Act of 2003 - Amends the Internal Revenue Code with respect to the expensing of depreciable business assets (section 179) to increase the maximum amount which may be expensed to $75,000 and the phase-out threshold to $325,000.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Jan 14, 2003 to Mar 18, 2003, with 1 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-MO	Christopher S. Bond	Original	Jan 14, 2003
R-NH	John E. Sununu		Mar 18, 2003

Actions 3

Everything that happened, newest first.

Jan 14, 2003Introduced in Senate
Jan 14, 2003Referred to the Committee on Finance. (text of measure as introduced: CR S300)
Jan 14, 2003Sponsor introductory remarks on measure. (CR S299-300)

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 179	Small Business Expensing Improvement Act of 2003	Identical bill	Jan 7, 2003

Subjects

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

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.