[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1298 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1298

  To amend the Internal Revenue Code of 1986 to adjust the limits on 
           expensing of certain depreciable business assets.


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                   IN THE SENATE OF THE UNITED STATES

                July 16 (legislative day, July 15), 2013

  Mr. Begich introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to adjust the limits on 
           expensing of certain depreciable business assets.

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

SECTION 1. 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.
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