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S 1141 114th Congress Senate Taxation Accounting and auditing Business investment and capital Contracts and agency Corporate finance and management Disaster relief and insurance Economic performance and conditions Food industry and services Income tax deductions Inflation and prices Public contracts and procurement Retail and wholesale trades Small business Tax administration and collection, taxpayers Tax reform and tax simplification

Small Business Tax Certainty and Growth Act of 2015

Introduced: April 30, 2015 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 30, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2571-2572)
Apr 30, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Small Business Tax Certainty and Growth Act of 2015

Expresses the sense of the Senate that Congress should undertake comprehensive tax reform to make the tax system fairer and simpler and to promote economic growth.

Amends the Internal Revenue Code to: (1) make permanent the increased tax deductions for business start-up expenditures, organizational expenditures, and organization and syndication fees; (2) allow the cash accounting method for businesses whose gross receipts do not exceed $10 million (currently, $5 million); (3) exempt businesses whose gross receipts do not exceed $10 million from the requirement to use inventories; (4) make permanent a $500,000 allowance for expensing business assets, including computer software; (5) extend for one year the additional depreciation allowance for business assets (bonus depreciation); and (6) make permanent the 15-year straight-line depreciation allowance for qualified leasehold improvement, restaurant, and retail improvement property.

What's happening now April 30, 2015

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2571-2572)

 Related & companion bills 1
  • HR 4068 Related bill Promote Startups Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Dec 17, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1141: Small Business Tax Certainty and Growth Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1141/
MLA
"S. 1141: Small Business Tax Certainty and Growth Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1141/.
Bluebook (legal)
S. 1141, 114th Cong. (2026), https://openamerica.io/bill/114-S-1141/.
Markdown link
[S. 1141: Small Business Tax Certainty and Growth Act of 2015](https://openamerica.io/bill/114-S-1141/)
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