H.R. 1079 · 108th Congress
Neutral Cost Recovery Act for Small Business
- Stage
- In committee
- Sponsor
- Nick Smith
- Introduced
- 2003-03-05
- Latest action
- 2003-03-05 · Introduced in House
Summary
Neutral Cost Recovery Act for Small Business - Amends the Internal Revenue Code to: (1) provide for increased expensing for small businesses; and (2) require that the depreciation deduction for certain property placed in service after 2003 be computed using neutral cost recovery ratios.