H.R. 2510: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

Before you vote › Federal bills

H.R. 2510: To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

114th Congress · introduced 2015-05-21 · Taxation · Latest: Placed on the Union Calendar, Calendar No. 240.

federal

Save to my notebook What does this mean? Print

Official title

To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

Plain summary

(Sec. 1) This bill amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance, known as bonus depreciation, for depreciable business property (i.e., qualified property) placed in service after December 31, 2014. The term "qualified property" is modified to include qualified improvement property, in lieu of qualified leasehold improvement property, which is defined as any improvement to an interior portion of a building that is nonresidential real property if such improvement is placed in service after the date such building was first placed in service. The bill also increases by $8,000 (with an annual inflation adjustment after 2015) the maximum allowable depreciation deduction for a passenger automobile (i.e., any 4-wheeled vehicle that is manufactured primarily for use on public streets, roads, and highways and is rated at 6,000 pounds unloaded gross vehicle weight or less). The bill also makes permanent the election to increase the alternative minium tax credit limitation in lieu of bonus depreciation for taxable years ending after December 31, 2014. The bill allows an additional depreciation allowance for any specified plant that is planted, or grafted to a plant that has already been planted, by the taxpayer in the ordinary course of the taxpayer's farming business. The term "specified plant" means: (1) any tree or vine that bears fruits or nuts, and (2) any other plant that will have more than one yield of fruits or nuts and that generally has a period of more than two years from the time of planting or grafting to the time at which such plant begins bearing fruits or nuts. This allowance is applicable to specified plants planted or grafted after December 31, 2014. (Sec. 2) The bill prohibits the entry of the budgetary effects of this Act on any PAYGO scorecard maintained pursuant to the Statutory Pay-As-You-Go Act of 2010.

Congressional Research Service summary (Reported to House amended, Part I), quoted unchanged (nonpartisan). Read the source.

What a vote does

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

The strongest published arguments

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Tiberi, Patrick J. [R-OH-12] · 50 cosponsors

Cost estimate: CBO cost estimate: H.R. 2510, A Bill to Amend the Internal Revenue Code of 1986 to Modify and Make Permanent Bonus Depreciation (2015-10-28)

Cosponsors on this site

Jason Smith (R-MO), Vern Buchanan (R-FL), Mike Kelly (R-PA), Todd Young (R-IN), Bill Huizenga (R-MI), Tim Walberg (R-MI), John R. Moolenaar (R-MI), Mike Bost (R-IL), Earl L. "Buddy" Carter (R-GA), David G. Valadao (R-CA), Tom Emmer (R-MN), Dan Newhouse (R-WA), David Rouzer (R-NC), Eric A. "Rick" Crawford (R-AR)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

• Congressional Research Service summary (Reported to House amended, Part I)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr2510.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr2510 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114