US SB2237 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 10 2014 - 25% progression, died in committee
Action: 2014-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 10 2014 - 25% progression, died in committee
Action: 2014-04-10 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Farm and Small Business Expensing Tax Relief Act - Amends the Internal Revenue Code to allow a business taxpayer to expense up to $5,000 of the costs incurred to acquire or produce any item of tangible property if: (1) the taxpayer's average annual gross receipts during the preceding three taxable years do not exceed $10 million, and (2) the taxpayer has in effect written accounting procedures as may be prescribed by the Secretary of the Treasury.
Title
Farm and Small Business Expensing Tax Relief Act
Sponsors
Sen. John Hoeven [R-ND] | Sen. Maria Cantwell [D-WA] |
History
Date | Chamber | Action |
---|---|---|
2014-04-10 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2237/all-info |
Text | https://www.congress.gov/113/bills/s2237/BILLS-113s2237is.pdf |