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United States · Bill · HR

H.R. 4457 (113th)

America's Small Business Tax Relief Act of 2014

openUnited States· United States Congress· EN

Introduced

10 April 2014

Last action

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Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

America's Small Business Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $500,000 expensing allowance for such property, (2) the increased $2,000,000 threshold amount for such property over which the amount of the expensing allowance is reduced, (3) expensing of computer software, and (4) rules for the expensing of qualified real property (i.e., leasehold improvement, restaurant, and retail improvement property).  Allow an inflation adjustment to the dollar amounts of the expensing allowance for taxable years beginning after 2014. Eliminates the exclusion of air conditioning and heating units from property eligible for the expensing allowance.

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Documents

11 official files

Placed on Calendar Senate (text)

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Sources

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