Few provisions in the Internal Revenue Code outrank, in importance, Section 179 which provides an election to expense eligible depreciable business assets.1 Although the allowance for 2014 has dropped to $25,0002 with a $200,000 phase-out,3 the prospects are for an increase to be legislated in 2014 or early 2015, probably retroactive to January 1, 2014. The Administration budget proposal calls for permanently setting the annual § 179 deduction at $500,000 with a $2,000,000 phase-out.4 The House of Representative’s proposal (the Camp plan) would set the annual § 179 deduction at $250,000 with an $800,000 phase-out.5