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Small Business Investment Act of 2014

1. Short title
- This Act may be cited as the "Small Business Investment Act of 2014".
2. Extension of expensing limitation
- (a) Dollar limitation
  - Paragraph (1) of section 179(b) of the Internal Revenue Code of 1986 is amended—
  - (1) by striking "or 2013" in subparagraph (B) and inserting "2013, 2014, or 2015", and
  - (2) by striking "after 2013" in subparagraph (C) and inserting "after 2015".
- (b) Reduction in limitation
  - Paragraph (2) of section 179(b) of such Code is amended—
  - (1) by striking "or 2013" in subparagraph (B) and inserting "2013, 2014, or 2015", and
  - (2) by striking "after 2013" in subparagraph (C) and inserting "after 2015".
- (c) Computer software
  - Clause (ii) of section 179(d)(1)(A) of such Code is amended by striking "before 2014" and inserting "before 2016".
- (d) Election
  - Paragraph (2) of section 179(c) of such Code is amended by striking "before 2014" and inserting "before 2016".
- (e) Special rules for treatment of qualified real property
  - (1) In general
    - Paragraph (1) of section 179(f) of such Code is amended by striking "or 2013" and inserting "2013, 2014, or 2015".
  - (2) Carryover
    - Paragraph (4) of section 179(f) of such Code is amended by striking "2013" each place it appears and inserting "2015".
- (f) Effective date
  - The amendments made by this section shall apply to taxable years beginning after December 31, 2013.