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house Bill H.R. 4743

Bonus Depreciation Extension Act of 2014

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedMay 23rd, 2014

Bill Details

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Title

Bonus Depreciation Extension Act of 2014

Official Title

To amend the Internal Revenue Code of 1986 to provide for an extension of bonus depreciation.

Summary

Bonus Depreciation Extension Act of 2014 - Amends the Internal Revenue Code to extend: (1) through 2015, the additional 50% depreciation allowance (bonus depreciation) for business property (through 2016, for property having longer production periods and for transportation property); and (2) the election to increase the alternative minimum tax (AMT) credit in lieu of bonus depreciation by extending to January 1, 2016, the placed-in-service requirement for property eligible for such election (January 1, 2017, for property having longer production periods and for transportation property).

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