S. 158 · 108th Congress
Small Business Expensing Improvement Act of 2003
- Stage
- In committee
- Sponsor
- Olympia Snowe
- Introduced
- 2003-01-14
- Latest action
- 2003-01-14 · Introduced in Senate
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.