A bill to amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.

Summary

Amends the Internal Revenue Code to increase, for taxable years beginning after 2013: (1) the limitation on the amount of the expensing allowance for depreciable business assets from $25,000 to $200,000, and (2) the threshold amount over which such expensing allowance is reduced from $200,000 to $800,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 July 2013

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 16 July 2013

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 16 July 2013 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 16 July 2013

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 16 July 2013

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 16 July 2013

  Open at official source

Sponsors

• Sen. Begich, Mark [D-AK] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → America's Small Business Tax Relief Act of 2014
• related to → Small Business Growth and Investment Act of 2014
• related to ← Small Business Investment Promotion Act