113TH CONGRESS 

2D SESSION H. R. 4457 

AN ACT 

To amend the Internal Revenue Code of 1986 to permanently 

extend increased expensing limitations, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
2 

•HR 4457 EH

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘America’s Small Busi3 ness Tax Relief Act of 2014’’. 

4 SEC. 2. EXPENSING CERTAIN DEPRECIABLE BUSINESS AS5 SETS FOR SMALL BUSINESS. 

6 (a) IN GENERAL.— 

7 (1) DOLLAR LIMITATION.—Paragraph (1) of 

8 section 179(b) of the Internal Revenue Code of 1986 

9 is amended by striking ‘‘shall not exceed—’’ and all 

10 that follows and inserting ‘‘shall not exceed 

11 $500,000.’’. 

12 (2) REDUCTION IN LIMITATION.—Paragraph 

13 (2) of section 179(b) of such Code is amended by 

14 striking ‘‘exceeds—’’ and all that follows and insert15 ing ‘‘exceeds $2,000,000.’’. 

16 (b) COMPUTER SOFTWARE.—Clause (ii) of section 

17 179(d)(1)(A) of such Code is amended by striking ‘‘, to 

18 which section 167 applies, and which is placed in service 

19 in a taxable year beginning after 2002 and before 2014’’ 

20 and inserting ‘‘and to which section 167 applies’’. 

21 (c) ELECTION.—Paragraph (2) of section 179(c) of 

22 such Code is amended— 

23 (1) by striking ‘‘may not be revoked’’ and all 

24 that follows through ‘‘and before 2014’’, and 

25 (2) by striking ‘‘IRREVOCABLE’’ in the heading 

26 thereof. 
3 

•HR 4457 EH

1 (d) AIR CONDITIONING AND HEATING UNITS.— 

2 Paragraph (1) of section 179(d) of such Code is amended 

3 by striking ‘‘and shall not include air conditioning or heat4 ing units’’. 

5 (e) QUALIFIED REAL PROPERTY.—Subsection (f) of 

6 section 179 of such Code is amended— 

7 (1) by striking ‘‘beginning in 2010, 2011, 2012, 

8 or 2013’’ in paragraph (1), and 

9 (2) by striking paragraphs (3) and (4). 

10 (f) INFLATION ADJUSTMENT.—Subsection (b) of sec11 tion 179 of such Code is amended by adding at the end 

12 the following new paragraph: 

13 ‘‘(6) INFLATION ADJUSTMENT.— 

14 ‘‘(A) IN GENERAL.—In the case of any 

15 taxable year beginning after 2014, the dollar 

16 amounts in paragraphs (1) and (2) shall each 

17 be increased by an amount equal to— 

18 ‘‘(i) such dollar amount, multiplied by 

19 ‘‘(ii) the cost-of-living adjustment de20 termined under section 1(c)(2)(A) for such 

21 calendar year, determined by substituting 

22 ‘calendar year 2013’ for ‘calendar year 

23 2012’ in clause (ii) thereof. 
4 

•HR 4457 EH

1 ‘‘(B) ROUNDING.—The amount of any in2 crease under subparagraph (A) shall be round3 ed to the nearest multiple of $10,000.’’. 

4 (g) EFFECTIVE DATE.—The amendments made by 

5 this section shall apply to taxable years beginning after 

6 December 31, 2013. 

7 SEC. 3. BUDGETARY EFFECTS. 

8 (a) STATUTORY PAY-AS-YOU-GO SCORECARDS.—The 

9 budgetary effects of this Act shall not be entered on either 

10 PAYGO scorecard maintained pursuant to section 4(d) of 

11 the Statutory Pay-As-You-Go Act of 2010. 

12 (b) SENATE PAYGO SCORECARDS.—The budgetary 

13 effects of this Act shall not be entered on any PAYGO 

14 scorecard maintained for purposes of section 201 of S. 

15 Con. Res. 21 (110th Congress). 

Passed the House of Representatives June 12, 2014. 

Attest: 

Clerk. 

113TH CONGRESS 

2D SESSION H. R. 4457 

AN ACT 

To amend the Internal Revenue Code of 1986 to 

tions, and for other purposes. permanently extend increased expensing limita-