Accelerate Our Manufacturers Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 10, 2014)
Accelerate Our Manufacturers Act - Amends the Internal Revenue Code to allow an additional 100% depreciation allowance (bonus depreciation) for qualified manufacturing property and an election to accelerate the alternative minimum tax (AMT) credit with respect to such property in lieu of bonus depreciation. Defines "qualified manufacturing property" as property that is acquired after December 31, 2013, and before January 1, 2019, and that is used by a manufacturer to produce an article from new or raw material, or from scrap, salvage, or junk material, by processing or changing the form of an article or by combining or assembling two or more articles.
What just happenedJun 10, 2014
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJun 10, 2014
- Jun 10, 2014IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 10, 2014IntroReferralIntro-H
Introduced in House
- Jun 10, 2014IntroReferral1000
Introduced in House