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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.

 

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