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- S.2237
S.2237: Farm and Small Business Expensing Tax Relief Act
About This Bill
- Introduced April 10, 2014
- Latest Major Action April 10, 2014
Bill Sponsor
Bill Cosponsor
Bill Summary
Farm and Small Business Expensing Tax Relief Act - Amends the Internal Revenue Code to allow a business taxpayer to expense up to $5,000 of the costs incurred to acquire or produce any item of tangible property if: (1) the taxpayer's average annual gross receipts during the preceding three taxable years do not exceed $10 million, and (2) the taxpayer has in effect written accounting procedures as may be prescribed by the Secretary of the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 10, 2014 |
Read twice and referred to the Committee on Finance.
|
| April 10, 2014 |
Introduced in the Senate by John Hoeven (R-N.D.) |