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Bill > HR4019
US HR4019
US HR4019To amend the Internal Revenue Code of 1986 to extend the expensing of certain depreciable business assets.
summary
Introduced
02/06/2014
02/06/2014
In Committee
02/06/2014
02/06/2014
Crossed Over
Passed
Dead
01/03/2015
01/03/2015
Introduced Session
113th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to extend the expensing of certain depreciable business assets.
AI Summary
This bill, titled the Small Business Investment Act of 2014, aims to extend the ability for businesses to immediately deduct the cost of certain qualifying business assets, a provision known as "expensing" under Section 179 of the Internal Revenue Code of 1986. Specifically, it proposes to extend the current expensing limitations and rules for computer software and qualified real property through the taxable years beginning after December 31, 2013, and ending after December 31, 2015, effectively allowing businesses to continue to expense these assets for an additional two years beyond their original expiration in 2013.
Committee Categories
Budget and Finance
Sponsors (14)
Patrick Murphy (D)*,
Cheri Bustos (D),
Tony Cárdenas (D),
Matt Cartwright (D),
Steve Chabot (R),
Bill Foster (D),
Dave Joyce (R),
Ann Kuster (D),
William Owens (D),
Scott Peters (D),
Kyrsten Sinema (I),
Eric Swalwell (D),
Scott Tipton (R),
Juan Vargas (D),
Last Action
Referred to the House Committee on Ways and Means. (on 02/06/2014)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/113th-congress/house-bill/4019/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113hr4019ih/pdf/BILLS-113hr4019ih.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113hr4019ih/pdf/BILLS-113hr4019ih.pdf.pdf |
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