Bills
H.R.4718

H.R.4718: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

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About This Bill

This bill was introduced in the 113th Congress
This bill is primarily about taxation
Introduced May 22, 2014
Latest Major Action July 15, 2014
See the one similar bills introduced in other congresses.

Bill Sponsor

Pat Tiberi (R-Ohio)

Bill Cosponsors

26 (1 Democrat, 25 Republicans)

Bill Summary

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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 23 statements associated with H.R.4718.

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Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.4718.

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Bill Actions

Date	Description
July 15, 2014	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.
July 14, 2014	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
July 11, 2014	Motion to reconsider laid on the table Agreed to without objection.
July 11, 2014	Vote in the House On passage Passed by recorded vote: 258 - 160 (Roll no. 404). (text: CR H6110-6112)
July 11, 2014	Vote in the House On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 229 (Roll no. 403). (consideration: CR H6120-6121)
July 11, 2014	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6120)
July 11, 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 Bonus Depreciation for 2 additional years instead of a permanent extention. The reservation of a point of order was subsequently withdrawn.
July 11, 2014	Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6119-6121; text: CR H6119)
July 11, 2014	The previous question was ordered pursuant to the rule. (consideration: CR H6119)
July 11, 2014	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.
July 11, 2014	DEBATE - The House proceeded with one hour of debate on H.R. 4718.
July 11, 2014	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.
July 11, 2014	Considered under the provisions of rule H. Res. 661. (consideration: CR H6110-6121)
July 10, 2014	Rule H. Res. 661 passed House.
July 9, 2014	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.
July 3, 2014	Placed on the Union Calendar, Calendar No. 381.
July 3, 2014	Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-509.
May 29, 2014	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 11.
May 29, 2014	Committee Consideration and Mark-up Session Held.
May 22, 2014	Referred to the House Committee on Ways and Means.
May 22, 2014	Introduced in the House by Pat Tiberi (R-Ohio)

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