# 114-hr-3318: Reducing Tax Preparation Burdens for American Investments and Repairs Act

114-hr-3318, Reducing Tax Preparation Burdens for American Investments and Repairs Act, is a 114th Congress bill sponsored by Rep. Blum, Rod [R-IA-1] (R-IA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3318
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3318
- Congress: 114
- Title: Reducing Tax Preparation Burdens for American Investments and Repairs Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-07-29
- Sponsor: Rep. Blum, Rod [R-IA-1] (R-IA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Reducing Tax Preparation Burdens for American Investments and Repairs Act This bill directs the Department of the Treasury to amend Treasury regulations relating to the election of a taxpayer to expense in the current taxable year certain depreciable business assets that would otherwise be capitalized and depreciated over a period of time. Current regulations provide for a safe harbor rule that allows expensing of such assets that do not exceed $500 per invoice for taxpayers without applicable financial statements. This bill would increase the safe harbor threshold to $2,500 per invoice for such taxpayers for taxable years beginning after 2015.

## Cosponsors (2)

- Sen. Cramer, Kevin [R-ND] (R-ND), 2015-07-29T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2015-09-25T00:00:00.000Z

## Related bills

- 114-hr-4775: Ozone Standards Implementation Act of 2016
- 114-hr-4764: Puppies Assisting Wounded Servicemembers (PAWS) Act of 2016
- 114-hr-4730: Unauthorized Spending Accountability Act
- 114-hr-4715: RPM Act of 2016
- 114-hr-4612: Midnight Rule Relief Act of 2016
- 114-hr-4032: States' Right of Refugee Refusal Act of 2015

## Sources
- [114-hr-3318 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3318)

## Related
- [114-hr-4775: Ozone Standards Implementation Act of 2016](https://policyrisk.com/legislation/114-hr-4775)
- [114-hr-4764: Puppies Assisting Wounded Servicemembers (PAWS) Act of 2016](https://policyrisk.com/legislation/114-hr-4764)
- [114-hr-4730: Unauthorized Spending Accountability Act](https://policyrisk.com/legislation/114-hr-4730)
- [114-hr-4715: RPM Act of 2016](https://policyrisk.com/legislation/114-hr-4715)
- [114-hr-4612: Midnight Rule Relief Act of 2016](https://policyrisk.com/legislation/114-hr-4612)
- [114-hr-4032: States' Right of Refugee Refusal Act of 2015](https://policyrisk.com/legislation/114-hr-4032)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3318 (as of 2025-11-18).