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S 1342 113th Congress Senate Taxation Business investment and capital Computers and information technology Food industry and services Income tax deductions Inflation and prices Retail and wholesale trades

Small Business Investment Promotion Act

Introduced: July 23, 2013 See on congress.gov
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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
Jul 23, 2013
Read twice and referred to the Committee on Finance.
Jul 23, 2013
Introduced in Senate
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 Plain-English summary Congressional Research Service

Small Business Investment Promotion Act - Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $200,000 expensing allowance for such property, (2) the increased $800,000 threshold amount for such property over which the expensing allowance is reduced, (3) expensing of computer software, and (4) rules for the expensing of qualified real property. Eliminates the termination date for exercising an election to expense property. Allows an inflation adjustment to the dollar amounts of the expensing allowance for taxable years beginning after 2014.

What's happening now July 23, 2013

Read twice and referred to the Committee on Finance.

 Related & companion bills 5
  • HR 4 Related bill Jobs for America Act
  • HR 4457 Related bill America's Small Business Tax Relief Act of 2014
  • HR 5360 Related bill American Renaissance in Manufacturing Act
  • S 1298 Related bill A bill to amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business ass…
  • HR 4501 Identical bill Small Business Growth and Investment Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Scott, Tim
South Carolina · Apr 2, 2014
 R
Risch, James E.
Idaho · Jul 30, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1342: Small Business Investment Promotion Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-1342/
MLA
"S. 1342: Small Business Investment Promotion Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1342/.
Bluebook (legal)
S. 1342, 113th Cong. (2026), https://openamerica.io/bill/113-S-1342/.
Markdown link
[S. 1342: Small Business Investment Promotion Act](https://openamerica.io/bill/113-S-1342/)
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