US HB4332 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on March 27 2014 - 25% progression, died in committee
Action: 2014-03-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 27 2014 - 25% progression, died in committee
Action: 2014-03-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Instructs the Secretary of the Treasury to modify a specified Treasury Regulation to increase from $500 to $1,000 the limitation governing the de minimis safe harbor for taxpayers without applicable financial statements.
Title
To direct the Secretary of the Treasury to increase the dollar limitation on the de minimis safe harbor from treatment as a capital expenditure for taxpayers without applicable financial statements.
Sponsors
| Sen. Cory Gardner [R-CO] | Rep. Mike Coffman [R-CO] | Sen. Kevin Cramer [R-ND] | Rep. Billy Long [R-MO] |
| Rep. Scott Tipton [R-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-27 | House | Referred to the House Committee on Ways and Means. |
Subjects
Accounting and auditing
Administrative law and regulatory procedures
Business investment and capital
Income tax deductions
Internal Revenue Service (IRS)
Taxation
Administrative law and regulatory procedures
Business investment and capital
Income tax deductions
Internal Revenue Service (IRS)
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/4332/all-info |
| Text | https://www.congress.gov/113/bills/hr4332/BILLS-113hr4332ih.pdf |
