H.R. 4501 — Introduced in House

I 113th CONGRESS 2d Session H. R. 4501 IN THE HOUSE OF REPRESENTATIVES April 28, 2014 Ms. Kuster 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 adjust the limits on expensing of certain depreciable business assets. 1. Short title This Act may be cited as the Small Business Growth and Investment Act of 2014. 2. 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.