Bill113th CongressFiled Jul 16, 2013Taxation
S. 1298
A bill to amend the Internal Revenue Code of 1986 to adjust the limits on expensing of certain depreciable business assets.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jul 16, 2013)
Amends the Internal Revenue Code to increase, for taxable years beginning after 2013: (1) the limitation on the amount of the expensing allowance for depreciable business assets from $25,000 to $200,000, and (2) the threshold amount over which such expensing allowance is reduced from $200,000 to $800,000.
What just happenedJul 16, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Begich, Mark [D-AK](D-AK)Sponsor
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- Introduced in SenateJul 16, 2013
- Jul 16, 2013IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jul 16, 2013IntroReferral10000
Introduced in Senate