Summary: H.R.771 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.771. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/13/2003)

Full Expensing for Economic Growth Act of 2003 - Amends the Internal Revenue Code with respect to the special first-year allowance for certain property acquired after September 10, 2001 and before September 11, 2004, to increase such allowance to 100 percent for 18 months from the date of enactment of this Act, if there was no written binding contract in effect before such date, for: (1) the acquisition of such property; or (2) in the case of property manufactured, constructed, or produced for the taxpayer's own use, for the manufacture, construction, or production of such property.