,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #ddeg  ,,in ,,the ,,house ,,of  
,,representatives  ,april #aj1 #bjad    
,mr4 ,tiberi 7for himself1 ,mr4 ,kind1  
,mr4 ,young of ,indiana1 ,mr4 ,neal1    
,mr4 ,gerlach1 ,mr4 ,danny ,k4 ,davis of
 ,illinois1 and ,mr4 ,schock7 introduced
 the following bill2 which was referred 
to the ,committee on ,ways and ,means   
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to permanently  
extend increased expensing limitations1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,america's ,small ,business ,tax ,relief
 ,act of #bjad4  #b4 ,expensing certain 
depreciable business assets for small   
business  7a7 ,in general  7#a7 ,dollar 
limitation ,paragraph 7#a7 of section   
#agi7;b7 of the ,internal ,revenue ,code
 of #aihf is amended by striking shall  
not exceed-- and all that follows and   
inserting shall not exceed #ejj1jjj44   
7#b7 ,reduction in limitation ,paragraph
 7#b7 of section #agi7;b7 of such ,code 

is amended by striking exceeds-- and all
 that follows and inserting exceeds     
#b1jjj1jjj44  7b7 ,computer software    
,clause 7ii7 of section                 
#agi7;d77#a77;,a7 of such ,code is      
amended by striking 1 to which section  
#afg applies1 and which is placed in    
service in a taxable year beginning     
after #bjjb and before #bjad and        
inserting and to which section #afg     
applies4  7c7 ,election ,paragraph 7#b7 
of section #agi7;c7 of such ,code is    
amended--  7#a7 by striking may not be  
revoked and all that follows through and
 before #bjad1 and  7#b7 by striking    
irrevocable in the heading thereof4  7d7
 ,air conditioning and heating units    
,paragraph 7#a7 of section #agi7;d7 of  
such ,code is amended by striking and   
shall not include air conditioning or   
heating units4  7e7 ,qualified real     
property ,section #agi7;f7 of such ,code
 is amended--  7#a7 by striking         
beginning in #bjaj1 #bjaa1 #bjab1 or    
#bjac in paragraph 7#a71 and  7#b7 by   

striking paragraphs 7#c7 and 7#d74  7f7 
,inflation adjustment ,subsection 7b7 of
 section #agi of such ,code is amended  
by adding at the end the following new  
paragraph3  7#f7 ,inflation adjustment  
7,a7 ,in general ,in the case of any    
taxable year beginning after #bjad1 the 
dollar amounts in paragraphs 7#a7 and   
7#b7 shall each be increased by an      
amount equal to--  7i7 such dollar      
amount1 multiplied by  7ii7 the         
cost-of-living adjustment determined    
under section #a7;c77#b77;,a7 for such  
calendar year1 determined by            
substituting calendar year #bjac for    
calendar year #bjab in clause 7ii7      
thereof4  7,b7 ,rounding ,the amount of 
any increase under subparagraph 7,a7    
shall be rounded to the nearest multiple
 of #aj1jjj4  4  7g7 ,effective date    
,the amendments made by this section    
shall apply to taxable years beginning  
after ,december #ca1 #bjac4