H.R. 223 · 108th Congress
Business Expensing Act of 2003
- Stage
- In committee
- Sponsor
- Joe Wilson
- Introduced
- 2003-01-07
- Latest action
- 2003-01-07 · Introduced in House
Summary
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.