Today, the House passed H.R. 636, the America’s Small Business Tax Relief Act of 2015 by a vote of 272-142. The bill would make certain small business tax provisions permanent, including section 179 small business expensing limits, making it easier for small businesses to operate, invest, and grow.
Following House passage of the bill, Congressman French Hill (AR-2) said: “Today, I was proud to stand with my colleagues in extending much-needed tax relief for small businesses, which are critical to job creation. This will help small businesses on the ground in central Arkansas and across America create and expand opportunities for good paying and stable jobs.”
Little Rock area businessman Alan Bubbas said of the bill, “Small businesses need to have adequate cash flow to survive, and right now, a lot of them don’t. Making the 179 deduction permanent would give struggling small businesses a lifeline in a time when they badly need one. This would be a major incentive for small business owners to expand their operations, and when small business grows, America grows.”
Yesterday, the House passed by a bi-partisan vote of 279-137 H.R. 644, the Fighting Hunger Incentive Act, to make permanent certain tax provisions encouraging charitable giving, including provisions to enhance contributions of food inventory and encourage donations of property for conservation purposes.
Hill said: “Arkansans have a long history of helping their neighbors, and charitable organizations will always play a critical role facilitating this generous giving. I was proud to support legislation at the heart of which is assisting and empowering those who are struggling so they can realize their potential.”
