Small Business Growth and Investment Act of 2014

Bill: 113-hr-4501
Sponsor: full_name: Rep. Kuster, Ann M. [D-NH-2]
Introduced: 2014-04-28
Policy area: Taxation
Subjects: Business investment and capital

Income tax deductions

Small business
Latest action: action_date: 2014-04-28
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-04-28
action_desc: Introduced in House
text: <p>Small Business Growth and Investment Act of 2014 - Amends the Internal Revenue Code to increase: (1) the expensing allowance for depreciable business property to $250,000 for taxable years beginning after 2013, and (2) the threshold level for such property over which the expensing allowance is reduced to $800,000.&nbsp;&nbsp;</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4501 IN THE HOUSE OF REPRESENTATIVES April 28, 2014 Ms. Kuster introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.

1. Short title This Act may be cited as the Small Business Growth and Investment Act of 2014 . 2. Expensing certain depreciable business assets (a) In general Section 179(b) of the Internal Revenue Code of 1986 is amended— (1) in paragraph (1)(C), by striking $25,000 and inserting $250,000 , and (2) in paragraph (2)(C), by striking $200,000 and inserting $800,000 . (b) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2013.