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S 2350 114th Congress Senate Taxation Business investment and capital Computers and information technology Income tax deductions

Full Expensing Act of 2015

Introduced: December 3, 2015 Introduced by: Paul, Rand Republican · Kentucky 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
Dec 3, 2015
Read twice and referred to the Committee on Finance.
Dec 3, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Full Expensing Act of 2015

This bill amends the Internal Revenue Code to expand the expensing allowance for certain depreciable business property (section 179 property) by: (1) redefining "section 179 property" to include tangible property or computer software that is acquired by purchase for use in a trade or business or for the production of income, and (2) repealing the dollar limitation on the amount of such property that may be deducted as an expense in the current taxable year.

What's happening now December 3, 2015

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2350: Full Expensing Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-2350/
MLA
"S. 2350: Full Expensing Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2350/.
Bluebook (legal)
S. 2350, 114th Cong. (2026), https://openamerica.io/bill/114-S-2350/.
Markdown link
[S. 2350: Full Expensing Act of 2015](https://openamerica.io/bill/114-S-2350/)
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