United States 114th Congress Status: Enacted 1 R cosponsors

HR 636 — America's Small Business Tax Relief Act of 2015

Last action — Became Public Law No: 114-190. (TXT | PDF)

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 02, 2015. Enacted.

Summary

America's Small Business Tax Relief Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code to make permanent after 2014 the $500,000 allowance for the expensing of depreciable business property (section 179 property) and the $2 million threshold after which the amount of such allowance is reduced. Both the allowance and the threshold amount are indexed for inflation for taxable years beginning after 2015. The allowance is also made permanent for computer software and qualified real property (i.e., qualified leasehold improvement property, restaurant property, and retail improvement property). The exclusion of air conditioning and heating units from the definition of section 179 property is eliminated. The taxpayer is allowed to revoke an election to expense section 179 property without first obtaining consent from the Department of the Treasury. (Sec. 3) The reduction (from 10 years to 5 years) of the period during which the built-in gains of an S corporation are subject to tax is made permanent. (Sec. 4) The tax rule requiring a decrease in the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of property is made permanent. (Sec. 5) The budgetary effects of this Act are excluded from PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010.

Bill Text

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Read HR 636 on the official United States source →

Action History

  1. Became Public Law No: 114-190. (TXT | PDF)

  2. Signed by President.

  3. Presented to President.

  4. Message on Senate action sent to the House.

  5. Senate agreed to the House amendments to Senate amendments to H.R. 636 by Yea-Nay Vote. 89 - 4. Record Vote Number: 127. (consideration: CR S5041)

  6. Motion by Senator Enzi to agree to the House amendments to Senate amendments to H.R. 636 made in Senate. (consideration: CR S5028-5035)

  7. Measure laid before Senate by unanimous consent. (consideration: CR S5028-5035, S5036-5041)

  8. Message on House action received in Senate and at desk: House amendments to Senate amendments.

  9. House agreed to Senate amendments with amendments pursuant to H. Res. 818. (consideration: CR H4624)

  10. Message on Senate action sent to the House.

  11. S.Amdt.3799 Amendment SA 3799 agreed to in Senate by Unanimous Consent.

  12. S.Amdt.3799 Amendment SA 3799 proposed by Senator Thune. (consideration: CR S2144-2145; text: CR S2144)

  13. Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 95 - 3. Record Vote Number: 47.

  14. Considered by Senate. (consideration: CR S2143-2145)

  15. Cloture on the measure invoked in Senate by Yea-Nay Vote. 89 - 5. Record Vote Number: 46. (consideration: CR S2119-2120; text: CR S2119)

  16. S.Amdt.3679 Amendment SA 3679 agreed to in Senate by Unanimous Consent.

  17. S.Amdt.3680 Amendment SA 3680 agreed to in Senate by Unanimous Consent.

  18. S.Amdt.3679 Considered by Senate. (consideration: CR S2110, S2119)

  19. S.Amdt.3680 Considered by Senate. (consideration: CR S2110, S2119)

  20. Considered by Senate. (consideration: CR S2110-2121)

  21. S.Amdt.3679 Cloture on amendment SA 3679 invoked in Senate by Yea-Nay Vote. 94 - 4. Record Vote Number: 45. (consideration: CR S2069; text: CR S2069)

  22. S.Amdt.3680 Considered by Senate. (consideration: CR S2068)

  23. S.Amdt.3679 Considered by Senate. (consideration: CR S2068, S2069)

  24. Considered by Senate. (consideration: CR S2068-2085)

  25. S.Amdt.3679 Considered by Senate. (consideration: CR S1985)

  26. S.Amdt.3680 Considered by Senate. (consideration: CR S1985)

  27. Considered by Senate. (consideration: CR S1985-2019)

  28. Cloture motion on the measure presented in Senate. (consideration: CR S1909; text: CR S1909)

  29. S.Amdt.3679 Cloture motion on amendment SA 3679 presented in Senate. (consideration: CR S1909; text: CR S1909)

  30. S.Amdt.3680 Amendment SA 3680 proposed by Senator Thune to Amendment SA 3679. (consideration: CR S1909; text: CR S1909)

  31. S.Amdt.3679 Amendment SA 3679 proposed by Senator McConnell for Senator Thune. (consideration: CR S1909)

  32. S.Amdt.3490 SA 3490 fell when SA 3464 was tabled. (consideration: CR S1909)

  33. S.Amdt.3460 SA 3460 fell when SA 3464 was tabled. (consideration: CR S1909)

  34. S.Amdt.3464 Motion to table amendment SA 3464 agreed to in Senate by Voice Vote.

  35. S.Amdt.3490 Considered by Senate. (consideration: CR S1893, S1909)

  36. S.Amdt.3460 Considered by Senate. (consideration: CR S1893, S1909)

  37. S.Amdt.3464 Considered by Senate. (consideration: CR S1893, S1909)

  38. Considered by Senate. (consideration: CR S1893-1909)

  39. S.Amdt.3524 Amendment SA 3524 as modified agreed to in Senate by Voice Vote. (text as modified: CR S1878)

  40. S.Amdt.3567 Amendment SA 3567 agreed to in Senate by Voice Vote.

  41. S.Amdt.3623 Amendment SA 3623 agreed to in Senate by Voice Vote.

  42. S.Amdt.3534 Amendment SA 3534 agreed to in Senate by Voice Vote.

  43. S.Amdt.3633 Amendment SA 3633 agreed to in Senate by Voice Vote.

  44. S.Amdt.3620 Amendment SA 3620 agreed to in Senate by Voice Vote.

  45. S.Amdt.3621 Amendment SA 3621 agreed to in Senate by Voice Vote.

  46. S.Amdt.3535 Amendment SA 3535 agreed to in Senate by Voice Vote.

  47. S.Amdt.3526 Amendment SA 3526 agreed to in Senate by Voice Vote.

  48. S.Amdt.3500 Amendment SA 3500 agreed to in Senate by Voice Vote.

  49. S.Amdt.3492 Amendment SA 3492 as modified agreed to in Senate by Voice Vote. (text as modified: CR S1876-1877)

  50. S.Amdt.3476 Amendment SA 3476 as modified agreed to in Senate by Voice Vote. (text as modified: CR S1876)

  51. S.Amdt.3567 Amendment SA 3567 proposed by Senator Thune for Senator Cochran to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1878)

  52. S.Amdt.3623 Amendment SA 3623 proposed by Senator Thune for Senator Whitehouse to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1878)

  53. S.Amdt.3534 Amendment SA 3534 proposed by Senator Thune for Senator Cantwell to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877-1878)

  54. S.Amdt.3633 Amendment SA 3633 proposed by Senator Thune for Senator Nelson to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  55. S.Amdt.3620 Amendment SA 3620 proposed by Senator Thune for Senator Booker to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  56. S.Amdt.3621 Amendment SA 3621 proposed by Senator Thune for Senator Nelson to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  57. S.Amdt.3535 Amendment SA 3535 proposed by Senator Thune for Senator Cotton to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  58. S.Amdt.3526 Amendment SA 3526 proposed by Senator Thune for Senator Flake to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  59. S.Amdt.3500 Amendment SA 3500 proposed by Senator Thune for Senator Hoeven to Amendment SA 3464. (consideration: CR S1876-1878; text: CR S1877)

  60. S.Amdt.3492 Amendment SA 3492 proposed by Senator Thune for Senator Inhofe to Amendment SA 3464. (consideration: CR S1876-1878)

  61. S.Amdt.3476 Amendment SA 3476 proposed by Senator Thune for Senator Cassidy to Amendment SA 3464. (consideration: CR S1876-1878)

  62. S.Amdt.3460 Considered by Senate. (consideration: CR S1843)

  63. S.Amdt.3464 Considered by Senate. (consideration: CR S1843)

  64. S.Amdt.3490 Considered by Senate. (consideration: CR S1843)

  65. S.Amdt.3524 Considered by Senate. (consideration: CR S1843)

  66. Considered by Senate. (consideration: CR S1843-1845, S1876-1878)

  67. S.Amdt.3458 Amendment SA 3458 as modified agreed to in Senate by Voice Vote. (text as modified: CR S1785)

  68. S.Amdt.3495 Amendment SA 3495 agreed to in Senate by Voice Vote.

  69. S.Amdt.3505 Amendment SA 3505 agreed to in Senate by Voice Vote.

  70. S.Amdt.3508 Amendment SA 3508 agreed to in Senate by Voice Vote.

  71. S.Amdt.3499 Amendment SA 3499 as modified agreed to in Senate by Voice Vote. (text as modified: CR S1801)

  72. S.Amdt.3505 Amendment SA 3505 proposed by Senator Thune for Senator Tester to Amendment SA 3464. (consideration: CR S1801-1802; text: CR S1801-1802)

  73. S.Amdt.3508 Amendment SA 3508 proposed by Senator Thune for Senator Collins to Amendment SA 3464. (consideration: CR S1801-1802; text: CR S1801)

  74. S.Amdt.3499 Amendment SA 3499 proposed by Senator Thune for Senator Wyden to Amendment SA 3464. (consideration: CR S1801-1802)

  75. S.Amdt.3483 Amendment SA 3483 not agreed to in Senate by Yea-Nay Vote. 42 - 54. Record Vote Number: 43.

  76. S.Amdt.3490 Amendment SA 3490 proposed by Senator Cantwell to Amendment SA 3464. (consideration: CR S1788-1789; text: CR S1788)

  77. S.Amdt.3482 Amendment SA 3482 as modified agreed to in Senate by Yea-Nay Vote. 91 - 5. Record Vote Number: 42. (text as modified: CR S1779)

  78. S.Amdt.3512 Amendment SA 3512 as modified agreed to in Senate by Yea-Nay Vote. 85 - 10. Record Vote Number: 41. (consideration: CR S1781-1785, S1785-1786, S1786-1787, S1793; text as modified: CR S1781-1785)

  79. S.Amdt.3483 Amendment SA 3483 proposed by Senator Nelson for Senator Schumer to Amendment SA 3464. (consideration: CR S1786, S1789; text: CR S1786)

  80. S.Amdt.3524 Amendment SA 3524 proposed by Senator Nelson for Senator Bennet to Amendment SA 3464. (consideration: CR S1785; text: CR S1785)

  81. S.Amdt.3495 Amendment SA 3495 proposed by Senator Thune for Senator Heller to Amendment SA 3464. (consideration: CR S1785; text: CR S1785)

  82. S.Amdt.3458 Amendment SA 3458 proposed by Senator Thune for Senator Casey to Amendment SA 3464. (consideration: CR S1785)

  83. S.Amdt.3482 Amendment SA 3482 proposed by Senator Heinrich to Amendment SA 3464. (consideration: CR S1779-1781, S1787)

  84. S.Amdt.3512 Considered by Senate. (consideration: CR S1778)

  85. S.Amdt.3460 Considered by Senate. (consideration: CR S1778)

  86. S.Amdt.3464 Considered by Senate. (consideration: CR S1778)

  87. Considered by Senate. (consideration: CR S1778-1794, S1795-1802)

  88. S.Amdt.3512 Amendment SA 3512 proposed by Senator Thune to Amendment SA 3464. (consideration: CR S1703)

  89. S.Amdt.3460 Amendment SA 3460 proposed by Senator Thune for Senator Gardner to Amendment SA 3464. (consideration: CR S1702; text: CR S1702)

  90. S.Amdt.3464 Amendment SA 3464 proposed by Senator Thune. (consideration: CR S1702)

  91. Measure laid before Senate by motion. (consideration: CR S1702-1703)

  92. Motion to proceed to consideration of measure agreed to in Senate by Voice Vote.

  93. Cloture on the motion to proceed invoked in Senate by Yea-Nay Vote. 98 - 0. Record Vote Number: 40. (consideration: CR S1681-1682; text: CR S1681)

  94. Motion to proceed to measure considered in Senate. (consideration: CR S1680-1703)

  95. Motion to proceed to measure considered in Senate. (consideration: CR S1648-1655, S1655-1662)

  96. Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S1636; text: CR S1636)

  97. Motion to proceed to consideration of measure made in Senate. (consideration: CR S1622-1623; S1636; text: CR S1622)

  98. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 55.

  99. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

  100. Received in the Senate.

  101. Motion to reconsider laid on the table Agreed to without objection.

  102. On passage Passed by recorded vote: 272 - 142 (Roll no. 82). (text: CR H1041)

  103. On motion to recommit with instructions Failed by the Yeas and Nays: 173 - 241 (Roll no. 81).

  104. The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H1049)

  105. DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require that the bill be reported back to the House forthwith with an amendment to extend the tax provisions in the underlying bill for one year in order for comprehensive tax reform to address these provisions. It also would prevent these three temporary tax provisions from permanently adding to the deficit, as opposed to the permanent extension in the underlying legislation that costs $79.2 billion and puts further pressure on the United States domestic discretionary priorities, pending reservation of a point of order. Subsequently, the reservation of a point of order was withdrawn.

  106. Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H1048-1049; text: CR H1048)

  107. The previous question was ordered pursuant to the rule. (consideration: CR H1048)

  108. DEBATE - The House proceeded with 90 minutes of debate on H.R. 636.

  109. The resolution provides for consideration of both H.R. 644 and H.R. 636 under closed rules.

  110. Considered under the provisions of rule H. Res. 101. (consideration: CR H1041-1051)

  111. Rule H. Res. 101 passed House.

  112. Rules Committee Resolution H. Res. 101 Reported to House. The resolution provides for consideration of both H.R. 644 and H.R. 636 under closed rules.

  113. Placed on the Union Calendar, Calendar No. 15.

  114. Committee on the Budget discharged.

  115. Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-21, Part I.

  116. Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.

  117. Referred to House Budget

  118. Referred to House Ways and Means

  119. Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  120. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HR 636 do?
America's Small Business Tax Relief Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code to make permanent after 2014 the $500,000 allowance for the expensing of depreciable business property (section 179 property) and the $2 million threshold after which the amount of such allowance is reduced. Both the allowance and the threshold amount are indexed for inflation for taxable years beginning after 2015. The allowance is also made permanent for computer software and qualified real property (i.e., qualified leasehold improvement property, restaurant property, and retail improvement property). The exclusion of air conditioning and heating units from the definition of section 179 property is eliminated. The taxpayer is allowed to revoke an election to expense section 179 property without first obtaining consent from the Department of the Treasury. (Sec. 3) The reduction (from 10 years to 5 years) of the period during which the built-in gains of an S corporation are subject to tax is made permanent. (Sec. 4) The tax rule requiring a decrease in the basis of a shareholder's stock in an S corporation that makes tax deductible charitable contributions of property is made permanent. (Sec. 5) The budgetary effects of this Act are excluded from PAYGO scorecards under the Statutory Pay-As-You-Go Act of 2010.
Who sponsors HR 636?
HR 636 is sponsored by Patrick Tiberi (R).
What is the current status of HR 636?
This bill has been enacted into law. Introduced February 02, 2015. Enacted.
Where can I track HR 636?
Track HR 636 free on One Click Politics — get push/email alerts when it moves.

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