[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 954 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 954

  To amend the Internal Revenue Code of 1986 to increase the cost of 
     property which may be expensed by small businesses to $50,000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 15, 1995

 Mrs. Johnson of Connecticut 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 increase the cost of 
     property which may be expensed by small businesses to $50,000.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Assistance Act of 
1995''.

SEC. 2. INCREASE IN EXPENSE TREATMENT FOR SMALL BUSINESSES.

    (a) General Rule.--Paragraph (1) of section 179(b) of the Internal 
Revenue Code of 1986 (relating to dollar limitation) is amended by 
striking ``$17,500'' and inserting ``$50,000''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1994.
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