3.0.0 1399 2023-01-11T13:31:06Z 2023-01-11T13:31:06Z Senate S 2015-05-20 114 ssfi00 Finance Committee Senate Standing Referred to 2015-05-20T19:47:22Z FAA Extension, Safety, and Security Act of 2016 114 636 HR 2016-07-15 Became Public Law No: 114-190. Related bill CRS 2015-05-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-05-20 Introduced in Senate IntroReferral 10000 9 Library of Congress B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO N Taxation Business investment and capital Charitable contributions Computers and information technology Income tax deductions Securities Small business Tax administration and collection, taxpayers Taxation 00 2015-05-20 Introduced in Senate 2015-06-30T19:46:52Z 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 election, and (4) make such increased allowance permanent after 2014.

The allowance is also made permanent for computer software and for qualified real property (i.e., qualified leasehold improvement property, restaurant property, and retail improvement property).

]]> Small Business Expensing Act of 2015 Display Title Small Business Expensing Act of 2015 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to permanently extend and increase expensing limitations, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Expensing Act of 2015 Introduced in Senate 2015-05-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1399is/xml/BILLS-114s1399is.xml 2015-05-20 Read twice and referred to the Committee on Finance. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.