Press Releases

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, "Making 179 permanent encourages small business growth.  This legislation allows small businesses to accelerate their depreciation expenses. These are expenses that small businesses could always deduct but this bill allows for an upfront deduction rather than deducting it over multiple years. This gives small businesses help with cash flow and capital for investment. This solution also helps those small businesses who need it by being capped at $500,000. This will be a major incentive for small business owners to grow 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.”