113 HR 4501 IH: Small Business Growth and Investment Act of 2014 U.S. House of Representatives 2014-04-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4501 IN THE HOUSE OF REPRESENTATIVES April 28, 2014 Ms. Kuster introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.

1.

Short title

This Act may be cited as the Small Business Growth and Investment Act of 2014.

2.

Expensing certain depreciable business assets

(a)

In general

Section 179(b) of the Internal Revenue Code of 1986 is amended— (1)in paragraph (1)(C), by striking $25,000 and inserting $250,000, and (2)in paragraph (2)(C), by striking $200,000 and inserting $800,000. (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2013.