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

S. 1298 · 113th Congress · Jul 16, 2013 · Lineage

A BILL

(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.