HR 4822
113th Congress
House
Taxation
Business investment and capital
Income tax deductions
Industrial facilities
Manufacturing
Accelerate Our Manufacturers Act
Introduced: June 10, 2014
Introduced by:
Schneider, Bradley Scott
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 10, 2014
Referred to the House Committee on Ways and Means.
Jun 10, 2014
Introduced in House
Plain-English summary
Accelerate Our Manufacturers Act - Amends the Internal Revenue Code to allow an additional 100% depreciation allowance (bonus depreciation) for qualified manufacturing property and an election to accelerate the alternative minimum tax (AMT) credit with respect to such property in lieu of bonus depreciation. Defines "qualified manufacturing property" as property that is acquired after December 31, 2013, and before January 1, 2019, and that is used by a manufacturer to produce an article from new or raw material, or from scrap, salvage, or junk material, by processing or changing the form of an article or by combining or assembling two or more articles.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1