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HR 4940 113th Congress House

Tax Equality for Entrepreneurs Act

Official title: To amend the Internal Revenue Code of 1986 to permanently extend 15-year straight-line cost recovery and section 179 expensing for qualified leasehold improvem… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to permanently extend 15-year straight-line cost recovery and section 179 expensing for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.

Introduced: June 23, 2014 Introduced by: Meng, Grace Democratic · New York See on congress.gov
Taxation Business investment and capitalFood industry and servicesIncome tax deductionsReal estate businessRetail and wholesale trades
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2014
Referred to the House Committee on Ways and Means.
Jun 23, 2014
Introduced in House
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 Latest action June 23, 2014

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Tax Equality for Entrepreneurs Act - Amends the Internal Revenue Code to make permanent: (1) accelerated depreciation (15-year cost recovery) of qualified leasehold and retail improvement property and qualified restaurant property; and (2) the election to expense such property.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4940: Tax Equality for Entrepreneurs Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4940/
MLA
"H.R. 4940: Tax Equality for Entrepreneurs Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4940/.
Bluebook (legal)
H.R. 4940, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4940/.
Markdown link
[H.R. 4940: Tax Equality for Entrepreneurs Act](https://openamerica.io/bill/113-HR-4940/)
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