Thanks to action from small business owners like you, a permanent small business expensing limit of $500,000 has passed the House and Senate in the Protecting Americans from Tax Hikes (PATH) Act of 2015.
The PATH Act passed the House by a vote of 318-109 on December 17th, and the Senate on December 18th by a vote of 65-33. The bill was signed into law that night. Permanent expensing will simplify tax preparation, improve cash flow, and make it easier for American small businesses to reinvest in themselves and their workforces. According to a study by the NFIB Research Foundation projects, this law means there could be 197,000 more jobs and $18.6 billion in higher economic productivity. View the study>>
Small Business Expensing in the News
- New York Times: Small Businesses Get a Permanent Tax Break on Buying Equipment
- NFIB: Small Business Celebrates Permanent Expensing
- NFIB: NFIB Reminds Senate that 179 is a Key Vote for Small Business
- NFIB: Senate Leader McConnell, Key Members Join NFIB in Push for Permanent Small Business Expensing
- NFIB: NFIB Loudly Cheers Permanent Small Business Expensing
- NFIB: NFIB Urges House to Pass Permanent Small Business Expensing
- STUDY: Boost in Jobs and Productivity from Permanently Increasing Expensing
- INFOGRAPHIC: Small Business Expensing
NFIB has been a leading voice on this issue for over a decade. Here are some of the most recent letters sent to Congress:
2015
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- NFIB Key Vote letter to the Senate in support of the PATH Act
- NFIB Key Vote letter to the House in support of the PATH Act
- Letter of Support to Permanently Restore Small Business Expensing
- NFIB Letter Urging the Senate to Make Small Business Expensing Permanent
- NFIB’s Key Vote letter to Congress in support of small business expensing
- NFIB’s Letter of Support for S. 1141, Small Business Tax Certainty and Growth Act
- NFIB’s letter in support of small business expensing for the 114th Congress
- Multi-Industry letter in support of small business expensing
2014
