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HR 4332 113th Congress House Taxation Accounting and auditing Administrative law and regulatory procedures Business investment and capital Department of the Treasury Income tax deductions Internal Revenue Service (IRS)

To direct the Secretary of the Treasury to increase the dollar limitation on the de minimis safe harbor from treatment as a capital expenditure for taxpayers without applicable financial statements.

Introduced: March 27, 2014 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2014
Referred to the House Committee on Ways and Means.
Mar 27, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Instructs the Secretary of the Treasury to modify a specified Treasury Regulation to increase from $500 to $1,000 the limitation governing the de minimis safe harbor for taxpayers without applicable financial statements.

What's happening now March 27, 2014

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1