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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-07-16 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2013-07-16 | IntroReferral | Introduced in Senate | Library of Congress |