Summary: H.R.1222 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.1222. Bill summaries are authored by CRS.

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Introduced in House (03/12/2003)

Amends the Internal Revenue Code to allow a special amortization tax deduction for up to $5 million of the intangible property acquired from an eligible small business (i.e., a business with gross receipts not exceeding $5 million for the three preceding taxable years) after December 31, 2002.