America's Small Business Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $500,000 expensing allowance for such property, (2) the increased $2,000,000 threshold amount for such property over which the amount of the expensing allowance is reduced, (3) expensing of computer software, and (4) rules for the expensing of qualified real property (i.e., leasehold improvement, restaurant, and retail improvement property). Allow an inflation adjustment to the dollar amounts of the expensing allowance for taxable years beginning after 2014. Eliminates the exclusion of air conditioning and heating units from property eligible for the expensing allowance.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2014-06-17 | Calendars | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434. | Senate |
| 2014-06-16 | Calendars | Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. | Senate |
| 2014-06-12 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2014-06-12 | Vote | On passage Passed by the Yeas and Nays: 272 - 144 (Roll no. 309). (text: CR H5330) | House floor actions |
| 2014-06-12 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 180 - 232 (Roll no. 308). | House floor actions |
| 2014-06-12 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5339) | House floor actions |
| 2014-06-12 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend small business expensing for two years. The point of order was subsequently withdrawn. | House floor actions |
| 2014-06-12 | Floor | Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H5338-5340; text: CR H5338) | House floor actions |
| 2014-06-12 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H5338) | House floor actions |
| 2014-06-12 | Floor | DEBATE - The House continued with debate on H.R. 4457. | House floor actions |
| 2014-06-12 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 4457. | House floor actions |
| 2014-06-12 | Floor | Considered under the provisions of rule H. Res. 616. (consideration: CR H5330-5340) | House floor actions |
| 2014-06-10 | Floor | Rules Committee Resolution H. Res. 616 Reported to House. Rule provides for one hour of general debate on the bills. H.R. 4800 shall be considred for amendment under a modified open rule. H.R. 4457 and H.R. 4453 shall be considred for amendment under a closed rule. | House floor actions |
| 2014-05-02 | Calendars | Placed on the Union Calendar, Calendar No. 320. | House floor actions |
| 2014-05-02 | Committee | Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-432. | House floor actions |
| 2014-04-29 | Committee | Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 14. | House committee actions |
| 2014-04-29 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2014-04-10 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2014-04-10 | IntroReferral | Introduced in House | Library of Congress |