US SB1298 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 16 2013 - 25% progression, died in committee
Action: 2013-07-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2013-07-16SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

SB1342 (Related) 2013-07-23 - Read twice and referred to the Committee on Finance.
HB4457 (Related) 2014-06-17 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
HB4501 (Related) 2014-04-28 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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