To direct the Secretary of the Treasury to increase the dollar limitation on the de minimis safe harbor from treatment as a capital expenditure for taxpayers without applicable financial statements.

Instructs the Secretary of the Treasury to modify a specified Treasury Regulation to increase from $500 to $1,000 the limitation governing the de minimis safe harbor for taxpayers without applicable financial statements.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4332 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4332

    To direct the Secretary of the Treasury to increase the dollar 
 limitation on the de minimis safe harbor from treatment as a capital 
   expenditure for taxpayers without applicable financial statements.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 27, 2014

  Mr. Gardner (for himself, Mr. Cramer, Mr. Tipton, Mr. Long, and Mr. 
   Coffman) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To direct the Secretary of the Treasury to increase the dollar 
 limitation on the de minimis safe harbor from treatment as a capital 
   expenditure for taxpayers without applicable financial statements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN DOLLAR LIMITATION ON DE MINIMIS SAFE HARBOR FROM 
              TREATMENT AS CAPITAL EXPENDITURES FOR TAXPAYERS WITHOUT 
              APPLICABLE FINANCIAL STATEMENTS.

    (a) In General.--Not later than 180 days after the date of the 
enactment of this Act, the Secretary of the Treasury (or the 
Secretary's designee) shall modify Treasury Regulation section 
1.263(a)-1(f)(1)(ii)(D) to increase the $500 limitation contained 
therein with respect to the de minimis safe harbor for taxpayers 
without applicable financial statements to $1,000.
    (b) Effective Date.--The revised regulations under this section 
shall apply to amounts paid or incurred in taxable years beginning 
after December 31, 2013.
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