The deduction, which was first implemented as part of the 2009 economic-stimulus bill, would be made permanent and indexed to inflation.
The bill passed 253-163, with most Republicans in the Ohio delegation — save House Speaker John Boehner, R-West Chester, who rarely votes — voting for it. Rep. Brad Wenstrup, R-Cincinnati, also did not vote.
Tiberi, a senior member of the House Ways and Means Committee, says the deduction would help give small-business owners more certainty as they consider whether to purchase equipment or invest further in their companies.
“These measures, along with the broader bill, will go far in helping to spur economic growth, support American employers and get workers back on the job, and I hope Majority Leader Harry Reid will allow the Senate to promptly consider the bill,” the Genoa Township Republican said.
The bill now goes to the Senate.