,,ii  ,cal5d> ,no4 #dcd #aac? ,,congress
  #b;d ,session  ,h4 ,r4 #ddeg  ,,9 ,,! 
,,s5ate ,,( ,,! ,,unit$ ,,/ates  ,june  
#af1 #bjad,receiv$2 read ! fir/ "t      
,june #ag1 #bjad,read ! second "t &     
plac$ on ! cal5d>  ,,an ,,act  ,to am5d 
! ,int]nal ,rev5ue ,code ( #aihf to     
p]man5tly ext5d increas$ exp5s+         
limitations1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,am]ica's ,small ,bus9ess ,tax ,relief  
,act ( #bjad4  #b4 ,exp5s+ c]ta9        
depreciable bus9ess assets = small      
bus9ess  7a7 ,9 g5]al  7#a7 ,doll>      
limitation ,p>agraph 7#a7 ( section     
#agi7;b7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by /rik+ %all n exce$-- &
 all t foll[s & ins]t+ %all n exce$     
#ejj1jjj44  7#b7 ,r$uction 9 limitation 
,p>agraph 7#b7 ( section #agi7;b7 ( su* 
,code is am5d$ by /rik+ exce$s-- & all t
 foll[s & ins]t+ exce$s #b1jjj1jjj44    
7b7 ,comput] s(tw>e ,clause 7ii7 (      
section #agi7;d77#a77;,a7 ( su* ,code is
 am5d$ by /rik+ 1 to :i* section #afg   

applies1 & :i* is plac$ 9 s]vice 9 a    
taxable ye> beg9n+ aft] #bjjb & be=e    
#bjad & ins]t+ & to :i* section #afg    
applies4  7c7 ,election ,p>agraph 7#b7 (
 section #agi7;c7 ( su* ,code is am5d$--
  7#a7 by /rik+ may n be revok$ & all t 
foll[s ?r\gh & be=e #bjad1 &  7#b7 by   
/rik+ irrevocable 9 ! head+ !re(4  7d7  
,air condition+ & heat+ units ,p>agraph 
7#a7 ( section #agi7;d7 ( su* ,code is  
am5d$ by /rik+ & %all n include air     
condition+ or heat+ units4  7e7         
,qualifi$ real prop]ty ,subsection 7f7 (
 section #agi ( su* ,code is am5d$--    
7#a7 by /rik+ beg9n+ 9 #bjaj1 #bjaa1    
#bjab1 or #bjac 9 p>agraph 7#a71 &  7#b7
 by /rik+ p>agraphs 7#c7 & 7#d74  7f7   
,inflation adju/m5t ,subsection 7b7 (   
section #agi ( su* ,code is am5d$ by    
add+ at ! end ! foll[+ new p>agraph3    
7#f7 ,inflation adju/m5t  7,a7 ,9 g5]al 
,9 ! case ( any taxable ye> beg9n+ aft] 
#bjad1 ! doll> am\nts 9 p>agraphs 7#a7 &
 7#b7 %all ea* be increas$ by an am\nt  
equal to--  7i7 su* doll> am\nt1        

multipli$ by  7ii7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;c77#b77;,a7 =   
su* cal5d> ye>1 det]m9$ by sub/itut+    
cal5d> ye> #bjac = cal5d> ye> #bjab 9   
clause 7ii7 !re(4  7,b7 ,r\nd+ ,! am\nt 
( any increase "u subp>agraph 7,a7 %all 
be r\nd$ to ! ne>e/ multiple ( #aj1jjj4 
4  7g7 ,effective date ,! am5dm5ts made 
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjac4   
#c4 ,budget>y effects  7a7 ,/atutory    
,pay-,z-,y-,g ,scorec>ds ,! budget>y    
effects ( ?is ,act %all n be ent]$ on   
ei!r ,,paygo scorec>d ma9ta9$ pursuant  
to section #d7;d7 ( ! ,/atutory         
,pay-,z-,y-,g ,act ( #bjaj4  7b7 ,s5ate 
,,paygo ,scorec>ds ,! budget>y effects (
 ?is ,act %all n be ent]$ on any ,,paygo
 scorec>d ma9ta9$ = purposes ( section  
#bja ( ,s4 ,con4 ,res4 #ba 7#aaj?       
,congress74  ,pass$ ! ,h\se (           
,repres5tatives ,june #ab1 #bjad4,k>5   
,l4 ,haas1,cl]k  ,june #ag1 #bjad,read !
 second "t & plac$ on ! cal5d>