Legislators
Bills
Statements
Represent

H.R.4457: America's Small Business Tax Relief Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about taxation
You can read the bill
Sponsor Pat Tiberi, R-Ohio
Total Cosponsors 17 (6 Democrats, 11 Republicans)
Introduced April 10, 2014
Latest Major Action June 17, 2014
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

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.

(Source: Congressional Research Service)

Bill Actions

Date Description
June 17, 2014 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
June 16, 2014 Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
June 12, 2014 Motion to reconsider laid on the table Agreed to without objection.
June 12, 2014

On passage Passed by the Yeas and Nays: 272 - 144 (Roll no. 309). (text: CR H5330)

June 12, 2014

On motion to recommit with instructions Failed by the Yeas and Nays: 180 - 232 (Roll no. 308).

June 12, 2014 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5339)
June 12, 2014 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.
June 12, 2014 Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H5338-5340; text: CR H5338)
June 12, 2014 The previous question was ordered pursuant to the rule. (consideration: CR H5338)
June 12, 2014 DEBATE - The House continued with debate on H.R. 4457.
June 12, 2014 DEBATE - The House proceeded with one hour of debate on H.R. 4457.
June 12, 2014 Considered under the provisions of rule H. Res. 616. (consideration: CR H5330-5340)
June 10, 2014 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.
May 2, 2014 Placed on the Union Calendar, Calendar No. 320.
May 2, 2014 Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-432.
April 29, 2014 Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14.
April 29, 2014 Committee Consideration and Mark-up Session Held.
April 10, 2014 Referred to the House Committee on Ways and Means.