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

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 26 (1 Democrat, 25 Republicans)
Introduced May 22, 2014
Latest Major Action July 15, 2014
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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

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 ...

(Source: Congressional Research Service)

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

On passage Passed by recorded vote: 258 - 160 (Roll no. 404). (text: CR H6110-6112)

July 11, 2014

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.