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- S.1399
S.1399: Small Business Expensing Act of 2015
About This Bill
- Introduced May 20, 2015
- Latest Major Action May 20, 2015
Bill Sponsor
Bill Summary
Small Business Expensing Act of 2015 This bill amends the Internal Revenue Code, with respect to the taxpayer election to expense depreciable business property (section 179 property), to: (1) increase to $1 million the expensing allowance for such property, (2) increase to $2.5 million the threshold amount of such property after which the amount of the expensing allowance is reduced, (3) grant a permanent right to revoke an expensing...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 20, 2015 |
Read twice and referred to the Committee on Finance.
|
| May 20, 2015 |
Introduced in the Senate by Michael Bennet (D-Colo.) |