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Snowe Offers Bill to Raise Sec. 179 Expensing Limits for Small Business; Relief Will Help Rebuild Economy, Create New Jobs
- Article from:
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U.S. Newswire
- Article date:
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January 15, 2003
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Copyright informationCopyright 2003 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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WASHINGTON, Jan. 15 /U.S. Newswire/ -- U.S. Senator Olympia J.
Snowe (R-Maine) has introduced the "Small Business Expensing
Improvement Act of 2003," a bill to free up capital and empower small
firms to make investments that will help rebuild the economy and
create new jobs.
"It is absolutely essential that Congress get the ball rolling
toward economic recovery," Snowe said. "By enabling small firms to
expense more of the equipment they purchase, this bill provides a
tailor-made incentive for the small business sector to take the lead
in the recovery by investing in new technology and expanding
operations."
Snowe, incoming Chair of the Senate Committee on Small Business
and Entrepreneur- ...
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