United States · Bill · S
S. 1342 (113th)
Small Business Investment Promotion Act
Introduced
23 July 2013
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
12 August 2025
Summary
Small Business Investment Promotion Act - Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $200,000 expensing allowance for such property, (2) the increased $800,000 threshold amount for such property over which the expensing allowance is reduced, (3) expensing of computer software, and (4) rules for the expensing of qualified real property. Eliminates the termination date for exercising an election to expense property. Allows an inflation adjustment to the dollar amounts of the expensing allowance for taxable years beginning after 2014.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 23 July 2013
Introduced in Senate (PDF)
Introduced in Senate · EN · 23 July 2013
Introduced in Senate
summary · EN · 23 July 2013
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/senate-bill/1342
- Open data entity: https://api.congress.gov/v3/bill/113/s/1342