Small Business Expensing Act of 2015

referredUnited States· United States Congress· EN

Introduced

20 May 2015

Last action

20 May 2015 · Introduced

Status

Read twice and referred to the Committee on Finance.

Summary

Small Business Expensing Act of 2015 This bill amends the Internal Revenue Code, with respect to the taxpayer election to expense depreciable business property (section 179 property), to: (1) increase to $1 million the expensing allowance for such property, (2) increase to $2.5 million the threshold amount of such property after which the amount of the expensing allowance is reduced, (3) grant a permanent right to revoke an expensing election, and (4) make such increased allowance permanent after 2014. The allowance is also made permanent for computer software and for qualified real property (i.e., qualified leasehold improvement property, restaurant property, and retail improvement property).

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Timeline

20 May 2015
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
20 May 2015
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 20 May 2015 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 20 May 2015
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Introduced in Senate (PDF)
Introduced in Senate · EN · 20 May 2015
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Introduced in Senate
summary · EN · 20 May 2015
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Related records

related to → FAA Extension, Safety, and Security Act of 2016

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/114th-congress/senate-bill/1399
Open data entity: https://api.congress.gov/v3/bill/114/s/1399
us · 114-s-1399 · source updated 12 August 2025