S.1298 - A Bill To Amend The Internal Revenue Code Of 1986 To Adjust The Limits On Expensing Of Certain Depreciable Business Assets.

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7/16/2013--Introduced. 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.

Read Twice And Referred To The Committee On Finance.
July 16th 2013 @ 12:00 AM

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