US Congress House Bill 4718 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 26-1)
Status: Engrossed on July 14 2014 - 50% progression, died in chamber
Action: 2014-07-15 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property placed in service after December 31, 2013. Modifies the definition of "qualified property" to include qualified retail improvement property. Increases by $8,000 (with an annual inflation adjustment after 2014) the maximum allowable depreciation deduction for a passenger automobile (i.e., any 4-wheeled vehicle which is manufactured primarily for use on public streets, roads, and highways and is rated at 6,000 pounds unloaded gross vehicle weight or less). Makes permanent, for taxable years ending after December 31, 2013, the election to increase the alternative minimum tax (AMT) credit limitation in lieu of bonus depreciation. Allows an additional deprecation allowance for a tree or vine bearing fruits or nuts, in the taxable year in which the tree or vine is planted, or grafted to a plant, in the ordinary course of the taxpayer's farming business. Makes such provision applicable to trees and vines planted or grafted after December 31, 2013. Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard.

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

Rep. Patrick Tiberi [R-OH]	Rep. Diane Black [R-TN]	Rep. Charles Boustany [R-LA]	Rep. Kevin Brady [R-TX]
Rep. Vern Buchanan [R-FL]	Rep. Jeff Denham [R-CA]	Sen. Cory Gardner [R-CO]	Rep. Jim Gerlach [R-PA]
Rep. Tim Griffin [R-AR]	Rep. Bill Huizenga [R-MI]	Rep. Lynn Jenkins [R-KS]	Rep. Mike Kelly [R-PA]
Rep. John Kline [R-MN]	Rep. Kenny Marchant [R-TX]	Rep. Randy Neugebauer [R-TX]	Rep. Devin Nunes [R-CA]
Rep. Erik Paulsen [R-MN]	Sen. Gary Peters [D-MI]	Rep. Tom Price [R-GA]	Rep. Tom Reed [R-NY]
Rep. David Reichert [R-WA]	Rep. James Renacci [R-OH]	Rep. Peter Roskam [R-IL]	Rep. Aaron Schock [R-IL]
Rep. Pete Sessions [R-TX]	Rep. Steve Stivers [R-OH]	Sen. Todd Young [R-IN]

2014-07-11 - House - On Passage (Y: 258 N: 160 NV: 14 Abs: 0) [PASS]
2014-07-11 - House - On Motion to Recommit with Instructions (Y: 191 N: 229 NV: 12 Abs: 0) [FAIL]

Date	Chamber	Action
2014-07-15	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.
2014-07-14	Senate	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2014-07-11	House	Motion to reconsider laid on the table Agreed to without objection.
2014-07-11	House	On passage Passed by recorded vote: 258 - 160 (Roll no. 404). (text: CR H6110-6112)
2014-07-11	House	On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 229 (Roll no. 403). (consideration: CR H6120-6121)
2014-07-11	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6120)
2014-07-11	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 Bonus Depreciation for 2 additional years instead of a permanent extention. The reservation of a point of order was subsequently withdrawn.
2014-07-11	House	Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6119-6121; text: CR H6119)
2014-07-11	House	The previous question was ordered pursuant to the rule. (consideration: CR H6119)
2014-07-11	House	POINT OF ORDER - Mr. Van Hollen raised a point of order against consideration of H.R. 4718 by stating that the bill violated the provisions of the Congressional Budget Act. Subsequently, the Chair ruled that the provisions of H. Res. 661 which provide for the consideration of H.R. 4718, waive all points of order against consideration of the bill.
2014-07-11	House	DEBATE - The House proceeded with one hour of debate on H.R. 4718.
2014-07-11	House	The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.
2014-07-11	House	Considered under the provisions of rule H. Res. 661. (consideration: CR H6110-6121)
2014-07-10	House	Rule H. Res. 661 passed House.
2014-07-09	House	Rules Committee Resolution H. Res. 661 Reported to House. The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.
2014-07-03	House	Placed on the Union Calendar, Calendar No. 381.
2014-07-03	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-509.
2014-05-29	House	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 11.
2014-05-29	House	Committee Consideration and Mark-up Session Held.
2014-05-22	House	Referred to the House Committee on Ways and Means.

HB4743 (Related) 2014-05-23 - Referred to the House Committee on Ways and Means.
HR661 (Related) 2014-07-10 - 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/4718/all-info
Text	https://www.congress.gov/113/bills/hr4718/BILLS-113hr4718ih.pdf
Text	https://www.congress.gov/113/bills/hr4718/BILLS-113hr4718rh.pdf
Text	https://www.congress.gov/113/bills/hr4718/BILLS-113hr4718eh.pdf
Text	https://www.congress.gov/113/bills/hr4718/BILLS-113hr4718pcs.pdf
Roll Call	https://clerk.house.gov/Votes/2014403
Roll Call	https://clerk.house.gov/Votes/2014404