HR 4718 113th Congress House Taxation Building construction Business investment and capital Computers and information technology Forests, forestry, trees Fruit and vegetables Income tax credits Income tax deductions Motor vehicles Public utilities and utility rates Real estate business Retail and wholesale trades Water use and supply

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

Introduced: May 22, 2014 See on congress.gov

Everywhere this bill has been 21 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 15, 2014

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.

Jul 14, 2014

Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

Jul 11, 2014

Motion to reconsider laid on the table Agreed to without objection.

Jul 11, 2014

Passed/agreed to in House: On passage Passed by recorded vote: 258 - 160 (Roll no. 404).(text: CR H6110-6112)

Jul 11, 2014

On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 229 (Roll no. 403). (consideration: CR H6120-6121)

Jul 11, 2014

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H6120)

Jul 11, 2014

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend Bonus Depreciation for 2 additional years instead of a permanent extention. The reservation of a point of order was subsequently withdrawn.

Jul 11, 2014

Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H6119-6121; text: CR H6119)

Jul 11, 2014

The previous question was ordered pursuant to the rule. (consideration: CR H6119)

Jul 11, 2014

POINT OF ORDER - Mr. Van Hollen raised a point of order against consideration of H.R. 4718 by stating that the bill violated the provisions of the Congressional Budget Act. Subsequently, the Chair ruled that the provisions of H. Res. 661 which provide for the consideration of H.R. 4718, waive all points of order against consideration of the bill.

Jul 11, 2014

DEBATE - The House proceeded with one hour of debate on H.R. 4718.

Jul 11, 2014

The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.

Jul 11, 2014

Considered under the provisions of rule H. Res. 661. (consideration: CR H6110-6121)

Jul 10, 2014

Rule H. Res. 661 passed House.

Jul 9, 2014

Rules Committee Resolution H. Res. 661 Reported to House. The resolution provides for the consideration of H.R. 5016 and H.R. 4718. The resolution provides for one hour of debate for each bill. Amendments may be offered to H.R. 5016, however no amendments are in order for H.R. 4718 except for the amendment in the nature of a substitute recommended by the Committee on Ways and Means and modified by the amendment printed in House Report 113-517. One motion to recommit is allowed for each bill.

Jul 3, 2014

Placed on the Union Calendar, Calendar No. 381.

Jul 3, 2014

Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-509.

May 29, 2014

Committee Consideration and Mark-up Session Held.

May 29, 2014

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 23 - 11.

May 22, 2014

Referred to the House Committee on Ways and Means.

May 22, 2014

Introduced in House

Votes taken on this bill 2

Date	Chamber	What was voted on	Result	Yes–No
Jul 11, 2014	House · vote #404	On Passage	Passed	258–160	See who voted →
Jul 11, 2014	House · vote #403	On Motion to Recommit with Instructions	Failed	191–229	See who voted →

Amendments to this bill 1

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

Amendment	Sponsor	Purpose	Status	Latest action
HAMDT 1,050	—	—	Pending	—

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Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property placed in service after December 31, 2013. Modifies the definition of "qualified property" to include qualified retail improvement property. Increases by $8,000 (with an annual inflation adjustment after 2014) the maximum allowable depreciation deduction for a passenger automobile (i.e., any 4-wheeled vehicle which is manufactured primarily for use on public streets, roads, and highways and is rated at 6,000 pounds unloaded gross vehicle weight or less).

Makes permanent, for taxable years ending after December 31, 2013, the election to increase the alternative minimum tax (AMT) credit limitation in lieu of bonus depreciation.

Allows an additional deprecation allowance for a tree or vine bearing fruits or nuts, in the taxable year in which the tree or vine is planted, or grafted to a plant, in the ordinary course of the taxpayer's farming business. Makes such provision applicable to trees and vines planted or grafted after December 31, 2013.

Prohibits the entry of the budgetary effects of this Act on any PAYGO (pay-as-you-go) scorecard.

What's happening now July 15, 2014

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 465.

Related & companion bills 4

Bill text 4 versions

Engrossed in House Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Placed on Calendar Senate Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Cosponsors 23

Peters, Gary C.

Michigan · Jul 3, 2014

Florida · May 22, 2014

Gerlach, Jim

· May 22, 2014

Huizenga, Bill

Michigan · May 22, 2014

Jenkins, Lynn

· May 22, 2014

Kelly, Mike

Pennsylvania · May 22, 2014

Indiana · May 22, 2014

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APA

U.S. Congress. (2026). H.R. 4718: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4718/

MLA

"H.R. 4718: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4718/.

Bluebook (legal)

H.R. 4718, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4718/.

Markdown link

[H.R. 4718: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.](https://openamerica.io/bill/113-HR-4718/)