H.R. 179House108th Congress (2003-2005)In Committee

Small Business Expensing Improvement Act of 2003

Introduced January 7, 2003

Legislative Activity

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2 earlier actions
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

January 7, 2003

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HouseIntro Referral

Introduced in House

January 7, 2003

HouseIntro Referral

Sponsor introductory remarks on measure. (CR E28)

January 7, 2003

HouseIntro Referral

Referred to the House Committee on Ways and Means.

January 7, 2003

Floor Debate

18 members

What members said about H.R. 179 on the floor

8 Republicans10 Democrats
Ileana Ros-Lehtinen
Rep. Ileana Ros-LehtinenR-FL-18 · Apr 8, 2003

Mr. Speaker, I move to suspend the rules and agree to the resolution (H. Res. 179) expressing the sense of the House of Representatives regarding the systematic human rights violations in Cuba…

Charles B. Rangel
Rep. Charles B. RangelD-NY-15 · Apr 8, 2003

Mr. Speaker, I rise in support of this legislation without any hesitation. Most all Americans, and certainly those in this House, are strong advocates for democracy all over the world, and we had…

Frank Pallone, Jr.
Rep. Frank Pallone, Jr.D-NJ-6 · Apr 8, 2003

Mr. Speaker, I rise today in support of H.R. 179 that condemns the brutal crackdown of the Cuban Government on the island's peaceful pro-democracy movement and calls for the immediate release of all…

Tom Lantos
Rep. Tom LantosD-CA-12 · Apr 8, 2003

Mr. Speaker, I yield myself such time as I may consume and rise in strong support of this resolution. Mr. Speaker, first I would like to thank my friend, the gentleman from Illinois (Chairman Hyde),…

Bill Delahunt
Rep. Bill DelahuntD-MA-10 · Apr 8, 2003

Mr. Speaker, I thank the gentleman for yielding me this time. As others have stated, this for me, too, is a day of disappointment and sadness, profound sadness, of human rights violated, and of…

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Robert Menendez
Rep. Robert MenendezD-NJ-13 · Apr 8, 2003

Mr. Speaker, I thank the distinguished gentleman for yielding me time and for his statement before as well. Mr. Speaker, where is the outrage? Where is the outrage regarding the latest barbarity from…

Kendrick B. Meek
Rep. Kendrick B. MeekD-FL-17 · Apr 8, 2003

Mr. Speaker, I rise today in strong support of this resolution. I also thank my South Florida colleagues, Lincoln Diaz-Balart, Ileana Ros-Lehtinen and Mario Diaz-Balart for bringing this resolution…

Lincoln Diaz-Balart
Rep. Lincoln Diaz-BalartR-FL-21 · Apr 8, 2003

Mr. Speaker, I thank the gentlewoman for yielding me time. Mr. Speaker, I wish to also thank the gentleman from Illinois (Chairman Hyde) and the gentleman from North Carolina (Chairman Ballenger), as…

Mario Diaz-Balart
Rep. Mario Diaz-BalartR-FL-25 · Apr 8, 2003

Mr. Speaker, I thank the gentlewoman for yielding the time to me, and I also want to thank the gentleman from Florida (Mr. Lincoln Diaz-Balart) for bringing this resolution to the floor. We have…

Christopher H. Smith
Rep. Christopher H. SmithR-NJ-4 · Apr 8, 2003

Mr. Speaker, I thank the gentlewoman for yielding me time. Mr. Speaker, since mid-March the Castro dictatorship has carried out a massive crackdown on human rights defenders, independent journalists,…

James P. McGovern
Rep. James P. McGovernD-MA-3 · Apr 8, 2003

Mr. Speaker, I thank the gentleman for yielding me time. Mr. Speaker, I rise in support of this resolution. All voices must condemn the recent crackdown by the Government of Cuba against political…

Sam Farr
Rep. Sam FarrD-CA-17 · Apr 8, 2003

Mr. Speaker, I rise today to offer my strong support for H. Res. 179. The recent crackdown by the Cuban government on political dissidents is without reason or measure. The Cuban government must…

Mark Udall
Rep. Mark UdallD-CO-2 · Apr 8, 2003

Mr. Speaker, I rise in strong support of this resolution. The world has condemned Cuba's recent crackdown on human rights and democracy activists. What is most troubling is that this is nothing new.…

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Jeff Flake
Rep. Jeff FlakeR-AZ-6 · Apr 8, 2003

Mr. Speaker, I thank the gentlewoman for yielding me this time, and I thank the gentlewoman and the gentleman from Florida for authoring this important resolution. It is important to all of us. For…

Roy Blunt
Rep. Roy BluntR-MO-7 · Apr 8, 2003

Mr. Speaker, I am glad to rise in support of this resolution and in opposition to the deplorable behavior we see in Cuba today as evidenced by these so-called desires. That people whose only desire…

Tom Feeney
Rep. Tom FeeneyR-FL-24 · Apr 8, 2003

Mr. Speaker, I want to thank all of the sponsors of this resolution, especially my friends from Florida. Mr. Speaker, there is an old saying that people do not miss fresh air until they live without…

Thaddeus G. McCotter
Rep. Thaddeus G. McCotterR-MI-11 · Apr 8, 2003

Mr. Speaker, I rise in support of the resolution. We in America inhabit the bosom of freedom. Yet, scant miles, though a lifetime away from our shores, suffering and dying under an antiquated…

John P. Murtha
Rep. John P. MurthaD-PA-12 · Apr 8, 2003

Mr. Speaker, I object. I object, Mr. Speaker. Mr. Speaker, I withdraw my objection. I will agree to 5 minutes each side.

Bill Text

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Introduced in HouseIssued January 7, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 179 Introduced in House (IH)]

108th CONGRESS
1st Session
H. R. 179

To amend the Internal Revenue Code of 1986 to expand the depreciation
benefits available to small businesses, and for other purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

January 7, 2003

Mr. Herger (for himself, Mr. Weller, Mrs. Johnson of Connecticut, Mr.
Crane, Mr. Lewis of Kentucky, Mr. Foley, and Mr. Manzullo) introduced
the following bill; which was referred to the Committee on Ways and
Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to expand the depreciation
benefits available to small businesses, and for other purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Small Business Expensing Improvement
Act of 2003''.

SEC. 2. MODIFICATIONS TO EXPENSING UNDER SECTION 179.

(a) Increase of Amount Which May Be Expensed.--
(1) In general.--Paragraph (1) of section 179(b) of the
Internal Revenue Code of 1986 (relating to dollar limitation)
is amended to read as follows:
``(1) Dollar limitation.--The aggregate cost which may be
taken into account under subsection (a) for any taxable year
shall not exceed $75,000.''
(2) Increase in phaseout threshold.--Paragraph (2) of
section 179(b) of such Code is amended by striking ``$200,000''
and inserting ``$325,000''.
(3) Inflation adjustment of dollar amounts.--Subsection (b)
of section 179 of such Code is amended by adding at the end the
following new paragraph:
``(5) Inflation adjustment.--In the case of any taxable
year beginning in a calendar year after 2003, each dollar
amount contained in paragraph (1) or (2) shall be increased by
an amount equal to--
``(A) such dollar amount, multiplied by
``(B) the cost-of-living adjustment determined
under section 1(f)(3) for the calendar year in which
the taxable year begins by substituting `calendar year
2002' for `calendar year 1992' in subparagraph (B)
thereof.
If any amount, as adjusted under the preceding sentence, is not
a multiple of $1,000 ($10,000 in the case of the dollar amount
contained in paragraph (2)), such amount shall be rounded to
the nearest multiple of $1,000 or $10,000, as the case may
be.''
(b) Effective Date.--The amendments made by this section shall
apply to property placed in service in taxable years beginning after
December 31, 2002.
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