Small Business Growth and Investment Act of 2014

H.R. 4501 · 113th Congress · Apr 28, 2014 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.

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

(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.