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 |
