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

About This Bill

Bill Sponsor

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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 30 statements associated with H.R.4457.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4457.

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 The point of order was subsequently withdrawn.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.
April 10, 2014

Introduced in the House by Pat Tiberi (R-Ohio)

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