About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

H. Rept. 114-21 1 (2015-02-09)

handle is hein.congrecreports/crptxsxj0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
      Gp













                    114TH CONGRESS                                   JREPT. 114 21
                       1st Session   HOUSE OF REPRESENTATIVES             Part 1







                     AMERICA'S SMALL BUSINESS TAX RELIEF ACT OF 2015



                     FEBRUARY 9, 2015.-Committed to the Committee of the Whole House on the State
                                     of the Union and ordered to be printed



                     Mr. RYAN of Wisconsin, from the Committee on Ways and Means,
                                        submitted the following


                                            REPORT

                                              together with

                                          DISSENTING VIEWS

                                          [To accompany H.R. 636]

                             [Including cost estimate of the Congressional Budget Office]

                      The Committee on Ways and Means, to whom was referred the
                    bill (H.R. 636) to amend the Internal Revenue Code of 1986 to per-
                    manently extend increased expensing limitations, and for other
                    purposes, having considered the same, report favorably thereon
                    with an amendment and recommend that the bill as amended do
                    pass.

                                                CONTENTS
                                                                                  Page
                      I. SUMMARY AND BACKGROUND ...............................................................  2
                            A. Purpose  and  Sum m ary  .....................................................................  2
                            B. Background  and  Need  for Legislation  ............................................  3
                            C. Legislative  H istory  ...........................................................................  3
                     II. EXPLANATION     OF  THE  BILL  .................................................................  4
                            A. Expensing Certain Depreciable Business Assets for Small Busi-
                               ness (see. 179  of the  Code)  ............................................................  4
                     III. VOTES  OF  THE  COMMITTEE     ....................................................................  7
                     IV. BUDGET EFFECTS OF THE  BILL ..........................................................  7
                            A. Committee Estimate of Budgetary Effects ......................................  7
                            B. Statement Regarding New Budget Authority and Tax Expendi-
                               tures Budget Authority  .................................................................  9
                            C. Cost Estimate Prepared by the Congressional Budget Office .......  9
                      V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
                          TH E H O U SE  ..............................................................................................  12
                            A. Committee Oversight Findings and Recommendations .................  12
                            B. Statement of General Performance Goals and Objectives .............  12
                       49-006

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.