H.R. 1388 · 109th Congress
Small Business Expensing Permanency Act of 2005
- Stage
- In committee
- Sponsor
- Wally Herger
- Introduced
- 2005-03-17
- Latest action
- 2005-03-17 · Introduced in House
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.