/  H.R. 4718—To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

H.R. 4718 - To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation.

Bill Text

  • Text of H.R. 4718 PDF XML

    To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation. (as reported)

  • H. Rept. 113-509 PDF

    Report from the Committee on Ways and Means

Rule Information

COMMITTEE ACTION:
REPORTED BY RECORD VOTE 8-3 on Wednesday, July 9, 2014.

FLOOR ACTION ON H. RES. 661: 
Agreed to by record vote 234-188, after agreeing to the previous question by record vote of 229-192, on Thursday, July 10, 2014.  

MANAGERS: Cole/Slaughter

1. Modified-open rule for H.R. 5016.

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Appropriations.

3. Waives all points of order against consideration of the bill.

4. Waives points of order against provisions in the bill for failure to comply with clause 2 or clause 5(a) of rule XXI except for section 627.

5. Provides that after general debate the bill shall be considered for amendment under the five-minute rule. During consideration of the bill for amendment: (1) amendments shall be debatable for 10 minutes equally divided and controlled by the proponent and an opponent and shall not be subject to amendment; and (2) no pro forma amendments shall be in order except that the chair and ranking minority member of the Committee on Appropriations or their respective designees may offer up to 10 pro forma amendments each at any point for the purpose of debate.

6. Under the rules of the House the bill shall be read for amendment by paragraph.

7. Authorizes the Chair to accord priority in recognition to Members who have pre-printed their amendments in the Congressional Record.

8. Provides one motion to recommit with or without instructions.

9. Closed rule for H.R. 4718.

10. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.

11. Waives all points of order against consideration of the bill.

12. Provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means, as modified by the amendment printed in the Rules Committee Report, shall be considered as adopted and the bill, as amended, shall be considered as read.

13. Waives all points of order against provisions in the bill, as amended.

14. Provides one motion to recommit with or without instructions.

Amendments

#Version #Sponsor(s)PartySummaryStatus
1Version 1Camp (MI)RepublicanExcludes from the Statutory PAYGO scorecards the budgetary impacts of permanently extending current tax policy, which ensures that permanent enactment of current tax policy will not trigger a sequester under Statutory PAYGO.Considered as adopted
2Version 1Grayson (FL)DemocratRequires any person attempting to claim a deduction on, or credit for, property purchased and placed in service for business purposes (pursuant to this bill) to certify that the property would not have been acquired or placed in service without the tax benefits provided by this bill.Submitted