US Codex
Bill
Notes

Small Business Investment Act of 2014

H.R. 4019 · 113th Congress · Feb 6, 2014 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to extend the expensing of certain depreciable business assets.

Section 1 Short title

This Act may be cited as the “Small Business Investment Act of 2014”.

Sec. 2 Extension of expensing limitation

(a)
Dollar limitation— Paragraph (1) of section 179(b) of the Internal Revenue Code of 1986 is amended—
(1)
by striking “or 2013” in subparagraph (B) and inserting “2013, 2014, or 2015”, and
(2)
by striking “after 2013” in subparagraph (C) and inserting “after 2015”.
(b)
Reduction in limitation— Paragraph (2) of section 179(b) of such Code is amended—
(1)
by striking “or 2013” in subparagraph (B) and inserting “2013, 2014, or 2015”, and
(2)
by striking “after 2013” in subparagraph (C) and inserting “after 2015”.
(c)
Computer software— Clause (ii) of section 179(d)(1)(A) of such Code is amended by striking “before 2014” and inserting “before 2016”.
(d)
Election— Paragraph (2) of section 179(c) of such Code is amended by striking “before 2014” and inserting “before 2016”.
(e)
Special rules for treatment of qualified real property—
(1)
In general— Paragraph (1) of section 179(f) of such Code is amended by striking “or 2013” and inserting “2013, 2014, or 2015”.
(2)
Carryover— Paragraph (4) of section 179(f) of such Code is amended by striking “2013” each place it appears and inserting “2015”.
(f)
Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2013.