To amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.
Small Business Growth and Investment Act of 2014 - Amends the Internal Revenue Code to increase: (1) the expensing allowance for depreciable business property to $250,000 for taxable years beginning after 2013, and (2) the threshold level for such property over which the expensing allowance is reduced to $800,000.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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