US Congress House Bill 4457 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 12-6)
Status: Engrossed on June 16 2014 - 50% progression, died in chamber
Action: 2014-06-17 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
Text: Latest bill text (Introduced) [PDF]

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 as property eligible for the expensing allowance. Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay-As-You-Go) scorecard.

America's Small Business Tax Relief Act of 2014

Rep. Patrick Tiberi [R-OH]	Rep. Cheri Bustos [D-IL]	Sen. Kevin Cramer [R-ND]	Rep. Danny Davis [D-IL]
Rep. Jim Gerlach [R-PA]	Rep. Tim Griffin [R-AR]	Rep. Mike Kelly [R-PA]	Rep. Ron Kind [D-WI]
Rep. David Loebsack [D-IA]	Rep. Patrick Murphy [D-FL]	Rep. Richard Neal [D-MA]	Rep. Randy Neugebauer [R-TX]
Rep. Tom Reed [R-NY]	Rep. Reid Ribble [R-WI]	Rep. Aaron Schock [R-IL]	Rep. Adrian Smith [R-NE]
Rep. Jason Smith [R-MO]	Sen. Todd Young [R-IN]

2014-06-12 - House - On Passage (Y: 272 N: 144 NV: 15 Abs: 0) [PASS]
2014-06-12 - House - On Motion to Recommit with Instructions (Y: 180 N: 232 NV: 19 Abs: 0) [FAIL]

Date	Chamber	Action
2014-06-17	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
2014-06-16	Senate	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2014-06-12	House	Motion to reconsider laid on the table Agreed to without objection.
2014-06-12	House	On passage Passed by the Yeas and Nays: 272 - 144 (Roll no. 309). (text: CR H5330)
2014-06-12	House	On motion to recommit with instructions Failed by the Yeas and Nays: 180 - 232 (Roll no. 308).
2014-06-12	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5339)
2014-06-12	House	DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend small business expensing for two years. The point of order was subsequently withdrawn.
2014-06-12	House	Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H5338-5340; text: CR H5338)
2014-06-12	House	The previous question was ordered pursuant to the rule. (consideration: CR H5338)
2014-06-12	House	DEBATE - The House continued with debate on H.R. 4457.
2014-06-12	House	DEBATE - The House proceeded with one hour of debate on H.R. 4457.
2014-06-12	House	Considered under the provisions of rule H. Res. 616. (consideration: CR H5330-5340)
2014-06-10	House	Rules Committee Resolution H. Res. 616 Reported to House. Rule provides for one hour of general debate on the bills. H.R. 4800 shall be considred for amendment under a modified open rule. H.R. 4457 and H.R. 4453 shall be considred for amendment under a closed rule.
2014-05-02	House	Placed on the Union Calendar, Calendar No. 320.
2014-05-02	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-432.
2014-04-29	House	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14.
2014-04-29	House	Committee Consideration and Mark-up Session Held.
2014-04-10	House	Referred to the House Committee on Ways and Means.

SB1342 (Related) 2013-07-23 - Read twice and referred to the Committee on Finance.
SB1298 (Related) 2013-07-16 - Read twice and referred to the Committee on Finance.
HB4501 (Related) 2014-04-28 - Referred to the House Committee on Ways and Means.
HR616 (Related) 2014-06-11 - Motion to reconsider laid on the table Agreed to without objection.
HB4 (Related) 2014-11-13 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 597.
HB5360 (Related) 2014-09-15 - Referred to the Subcommittee on Public Lands and Environmental Regulation.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4457/all-info
Text	https://www.congress.gov/113/bills/hr4457/BILLS-113hr4457ih.pdf
Text	https://www.congress.gov/113/bills/hr4457/BILLS-113hr4457rh.pdf
Text	https://www.congress.gov/113/bills/hr4457/BILLS-113hr4457eh.pdf
Text	https://www.congress.gov/113/bills/hr4457/BILLS-113hr4457pcs.pdf
Roll Call	https://clerk.house.gov/Votes/2014308
Roll Call	https://clerk.house.gov/Votes/2014309