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114-hr-5818114th Congress

Mandated Expenses Tax Relief Act

Sponsored By: Representative Blum, Rod [R-IA-1]

Unknown

Summary

Mandated Expenses Tax Relief Act This bill amends the Internal Revenue Code to permit a taxpayer to elect to expense the cost of federal compliance property and deduct the cost for the taxable year in which the property is placed in service. "Federal compliance property" is any property that: (1) is of a character with respect to which depreciation (or amortization in lieu of depreciation) is allowable, and (2) is used by the taxpayer to comply with any federal law or regulation.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Blum, Rod [R-IA-1]

IA • R

Cosponsors

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 7/14/2016

  • Rep. Bishop, Mike [R-MI-8]

    MI • R

    Sponsored 7/14/2016

Roll Call Votes

No roll call votes available for this bill.

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