---
kind: "diff"
citation: "H.R. 4457"
bill: "113-hr-4457"
heading: "America’s Small Business Tax Relief Act of 2014"
from: "rh"
from_label: "Reported in House"
to: "eh"
to_label: "Engrossed in House"
sections_amended: 1
sections_added: 1
sections_removed: 0
url: "https://uscodex.org/bills/113/hr/4457/changes/eh"
---

# H.R. 4457 — what changed

H.R. 4457, America’s Small Business Tax Relief Act of 2014 — 1 section amended and 1 added between Reported in House and Engrossed in House.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## Sec. 2 Expensing certain depreciable business assets for small business

- (a) In general—
  - (1) Dollar limitation— Paragraph (1) of section 179(b) of the Internal Revenue Code of 1986 is amended by striking “shall not exceed—” and all that follows and inserting “shall not exceed $500,000.”.
  - (2) Reduction in limitation— Paragraph (2) of section 179(b) of such Code is amended by striking “exceeds—” and all that follows and inserting “exceeds $2,000,000.”.
- (b) Computer software— Clause (ii) of section 179(d)(1)(A) of such Code is amended by striking “, to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2014” and inserting “and to which section 167 applies”.
- (c) Election— Paragraph (2) of section 179(c) of such Code is amended—
  - (1) by striking “may not be revoked” and all that follows through “and before 2014”, and
  - (2) by striking “irrevocable” in the heading thereof.
- (d) Air conditioning and heating units— Paragraph (1) of section 179(d) of such Code is amended by striking “and shall not include air conditioning or heating units”.
- (e) Qualified real property— <del>Section 179(f) </del><ins>Subsection (f) of section 179 </ins>of such Code is amended—
  - (1) by striking “beginning in 2010, 2011, 2012, or 2013” in paragraph (1), and
  - (2) by striking paragraphs (3) and (4).
- (f) Inflation adjustment— Subsection (b) of section 179 of such Code is amended by adding at the end the following new paragraph:
  - “(6) Inflation adjustment
  - “(A) In general—In the case of any taxable year beginning after 2014, the dollar amounts in paragraphs (1) and (2) shall each be increased by an amount equal to—
  - “(i) such dollar amount, multiplied by
  - “(ii) the cost-of-living adjustment determined under section 1(c)(2)(A) for such calendar year, determined by substituting “calendar year 2013” for “calendar year 2012” in clause (ii) thereof.
  - “(B) Rounding—The amount of any increase under subparagraph (A) shall be rounded to the nearest multiple of $10,000.”
- (g) Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2013.

## Sec. 3 Budgetary effects — added

- (a) <ins>Statutory Pay-As-You-Go Scorecards—</ins> <ins>The budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.</ins>
- (b) <ins>Senate PAYGO Scorecards—</ins> <ins>The budgetary effects of this Act shall not be entered on any PAYGO scorecard maintained for purposes of section 201 of S. Con. Res. 21 (110th Congress).</ins>