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H.R. 4457: America's Small Business Tax Relief Act of 2014

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H.R. 4457: America's Small Business Tax Relief Act of 2014

113th Congress · introduced 2014-04-10 · Taxation · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2014-04-10 · official record
  2. Who proposed it: Rep. Tiberi, Patrick J. [R-OH-12] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: House roll call 308 (2014): On Motion to Recommit with Instructions, HR4457 (2014-06-12), Failed. See all
  4. Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 434. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

America's Small Business Tax Relief Act of 2014

Plain summary

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 as property eligible for the expensing allowance. Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay-As-You-Go) scorecard.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

America's Small Business Tax Relief Act of 2014

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] · 17 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Todd Young (R-IN), Richard E. Neal (D-MA), Danny K. Davis (D-IL), Mike Kelly (R-PA), Adrian Smith (R-NE), Kevin Cramer (R-ND), Jason Smith (R-MO)

Recorded votes

Words on this page, explained (1)
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr4457 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113