HR 4743
113th Congress
House
Taxation
Aviation and airports
Business investment and capital
Income tax credits
Income tax deductions
Public contracts and procurement
Bonus Depreciation Extension Act of 2014
Introduced: May 23, 2014
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 23, 2014
Referred to the House Committee on Ways and Means.
May 23, 2014
Introduced in House
Plain-English summary
Bonus Depreciation Extension Act of 2014 - Amends the Internal Revenue Code to extend: (1) through 2015, the additional 50% depreciation allowance (bonus depreciation) for business property (through 2016, for property having longer production periods and for transportation property); and (2) the election to increase the alternative minimum tax (AMT) credit in lieu of bonus depreciation by extending to January 1, 2016, the placed-in-service requirement for property eligible for such election (January 1, 2017, for property having longer production periods and for transportation property).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1