America's Small Business Tax Relief Act of 2014

The America's Small Business Tax Relief Act of 2014 (H.R. 4457) is a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased the cap on the amount of investment that can be immediately deducted from taxable income. The bill would return the tax code to its 2013 status and make the change permanent. The bill was introduced into the United States House of Representatives during the 113th United States Congress.

America's Small Business Tax Relief Act of 2014

The America's Small Business Tax Relief Act of 2014 (H.R. 4457) is a bill that would amend section 179 of the Internal Revenue Code, which mostly affects small- to medium-sized businesses, to retroactively and permanently extend from January 1, 2014, increased the cap on the amount of investment that can be immediately deducted from taxable income. The bill would return the tax code to its 2013 status and make the change permanent. The bill was introduced into the United States House of Representatives during the 113th United States Congress.