Senate passes 2014 tax extender bill
Frosty Andrews, CPA
December 16, 2014
The Senate passed the 2014 tax extender bill this evening by a margin of 76-16 and is awaiting the President's signature to become law.
One provision in the bill, among many, was increasing the limit for expensing equipment from $25,000 to $500,000 for assets placed in service by December 31, 2014.