S. 1523 · 109th Congress
Small Business Expensing Permanency Act of 2005
- Stage
- In committee
- Sponsor
- Olympia Snowe
- Introduced
- 2005-07-28
- Latest action
- 2005-07-28 · Introduced in Senate
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.