Small Business Expensing Permanency Act of 2005
Latest action · Jul 28, 2005 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9290)
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.
- IntroducedJul 28, 2005
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Expensing Permanency Act of 2005 - Amends the Internal Revenue Code to make permanent the increased expensing allowance ($100,000) for depreciable business assets and related provisions pertaining to phaseout amounts, inflation adjustments, and the period for revocation of an election.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Sep 8, 2005 to Dec 14, 2005.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ME | Susan M. Collins | Sep 8, 2005 | |
| R-VA | George Allen | Sep 26, 2005 | |
| R-GA | Johnny Isakson | Oct 5, 2005 | |
| R-GA | Saxby Chambliss | Dec 14, 2005 |
Actions 3
Everything that happened, newest first.
- Jul 28, 2005Introduced in Senate
- Jul 28, 2005Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9290)
- Jul 28, 2005Sponsor introductory remarks on measure. (CR S9290)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1388 | Small Business Expensing Permanency Act of 2005 | Related bill | Mar 17, 2005 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 28, 2005Introduced in Senate
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.