About the bill
America’s Small Business Tax Relief Act seeks to broaden the amount and scope of expenses that are tax-deductible for small businesses. It does this by removing the exclusions for certain investments and making permanent different deductions that originated as non-permanent parts of various stimulus plans.
The bill was introduced by Congressmen Pat Tiberi [R-OH12] and Ron Kind [D-WI3] to create “stability for small businesses leading to their growth and expansion” by permanently setting the deduction rules for small businesses. The White House has criticized the bill for lacking offsetting revenue measures to make the bill budget-neutral. The Congressional Budget Office estimated that the effects of the bill would increase the deficit by $73 billion by 2024. The Statutory Pay-As-You-Go Act of 2010 prohibits legislation that would increase projected deficits, however …
Sponsor and status
113th Congress (2013–2015)
This bill was introduced in a previous session of Congress and was passed by the House on June 12, 2014 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
17 Cosponsors (11 Republicans, 6 Democrats)
Position statements
What legislators are saying
“two Tiberi pro-growth measures pass house as part of larger jobs package”
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Rep. Patrick “Pat” Tiberi [R-OH12, 2001-2018]
(Sponsor)
on Sep 18, 2014
“Rep. Kelly Champions Package of Jobs Bills on House Floor”
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Rep. Mike Kelly [R-PA16]
(Co-sponsor)
on Sep 18, 2014
“Voted "No" on Tax Bills H.R. 4457 and H.R. 4453”
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Rep. Beto O’Rourke [D-TX16, 2013-2018]
on Jun 16, 2014
History
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Apr 10, 2014
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Apr 29, 2014
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Jun 11, 2014
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Rules Change —
Agreed To
This activity took place on a related bill, H.Res. 616 (113th). |
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Jun 12, 2014
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. |
H.R. 4457 (113th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4457. This is the one from the 113th Congress.
This bill was introduced in the 113th Congress, which met from Jan 3, 2013 to Jan 2, 2015. Legislation not passed by the end of a Congress is cleared from the books.
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“H.R. 4457 — 113th Congress: America’s Small Business Tax Relief Act of 2014.” www.GovTrack.us. 2014. March 22, 2023 <https://www.govtrack.us/congress/bills/113/hr4457>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
