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    <updateDate>2023-01-15T21:34:10Z</updateDate>
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    <introducedDate>2003-01-14</introducedDate>
    <congress>108</congress>
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            <name>Referred to</name>
            <date>2003-01-14T22:14:50Z</date>
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        <title>Small Business Expensing Improvement Act of 2003</title>
        <congress>108</congress>
        <number>179</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2003-01-07</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <text>Referred to the Committee on Finance. (text of measure as introduced:  CR S300)</text>
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        <actionDate>2003-01-14</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S299-300)</text>
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        <text>Introduced in Senate</text>
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        <fullName>Sen. Snowe, Olympia J. [R-ME]</fullName>
        <firstName>Olympia</firstName>
        <lastName>Snowe</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>J.</middleName>
        <isByRequest>N</isByRequest>
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        <bioguideId>B000611</bioguideId>
        <fullName>Sen. Bond, Christopher S. [R-MO]</fullName>
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        <lastName>BOND</lastName>
        <party>R</party>
        <state>MO</state>
        <middleName>S.</middleName>
        <sponsorshipDate>2003-01-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001078</bioguideId>
        <fullName>Sen. Sununu, John E. [R-NH]</fullName>
        <firstName>John</firstName>
        <lastName>Sununu</lastName>
        <party>R</party>
        <state>NH</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2003-03-18</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
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          <name>Commerce</name>
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          <name>Cost of living adjustments</name>
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          <name>Depreciation and amortization</name>
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          <name>Economics and Public Finance</name>
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          <name>Indexing (Economic policy)</name>
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        <item>
          <name>Small business</name>
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          <name>Tax deductions</name>
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        <name>Taxation</name>
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    <summaries>
      <summary>
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        <actionDate>2003-01-14</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[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.]]></text>
      </summary>
    </summaries>
    <title>Small Business Expensing Improvement Act of 2003</title>
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        <titleType>Display Title</titleType>
        <title>Small Business Expensing Improvement Act of 2003</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to expand the depreciation benefits available to small businesses, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Small Business Expensing Improvement Act of 2003</title>
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        <type>Introduced in Senate</type>
        <date>2003-01-14T05:00:00Z</date>
        <formats/>
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    <latestAction>
      <actionDate>2003-01-14</actionDate>
      <text>Referred to the Committee on Finance. (text of measure as introduced:  CR S300)</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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