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S 2237 113th Congress Senate

Farm and Small Business Expensing Tax Relief Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide an elective safe harbor for the expensing by small businesses of the costs of acquiring or producing tangible property.

Introduced: April 10, 2014 Introduced by: Hoeven, John Republican · North Dakota See on congress.gov
Taxation Business investment and capitalIncome tax deductionsSmall business
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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
Apr 10, 2014
Read twice and referred to the Committee on Finance.
Apr 10, 2014
Introduced in Senate
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 Latest action April 10, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Farm and Small Business Expensing Tax Relief Act - Amends the Internal Revenue Code to allow a business taxpayer to expense up to $5,000 of the costs incurred to acquire or produce any item of tangible property if: (1) the taxpayer's average annual gross receipts during the preceding three taxable years do not exceed $10 million, and (2) the taxpayer has in effect written accounting procedures as may be prescribed by the Secretary of the Treasury.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cantwell, Maria
Washington · Apr 10, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2237: Farm and Small Business Expensing Tax Relief Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2237/
MLA
"S. 2237: Farm and Small Business Expensing Tax Relief Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2237/.
Bluebook (legal)
S. 2237, 113th Cong. (2026), https://openamerica.io/bill/113-S-2237/.
Markdown link
[S. 2237: Farm and Small Business Expensing Tax Relief Act](https://openamerica.io/bill/113-S-2237/)
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