$500,000 Expensing Limit One Step Closer

Section 179 

$500,000 Expensing Limit One Step Closer


Today, (12/18/15) the House of Representatives passed a $1.1 trillion dollar spending bill to keep government agencies open.

The bill now goes to the Senate, where it will be combined with a package of tax breaks which passed late yesterday afternoon, one of which is the permanent increase of the expensing limit of IRS Section 179.

The Senate will then take up the combined package in a series of procedural steps and a final vote expected by early Friday (12/18/15) afternoon.

The White House has reported that President Barack Obama would sign the measure into law.


Read More on this here or keep up with the outcome by watching this space

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