,,ii  #aacth ,,congress  #ast ,session  
,s4 #adih  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ab1
 #bjac,ms4 ,landrieu introduced the     
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to extend       
certain expiring provisions relating to 
small businesses1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,small ,business    
,tax ,fairness ,act4  #b4 ,extension of 
temporary exclusion of #ajj percent of  
gain on certain small business stock    
7a7 ,in general ,paragraph 7#d7 of      
section #abjb7;a7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 by striking ,january #a1 #bjad and 
inserting ,january #a1 #bjae1 and  7#b7 
by striking and #bjac in the heading and
 inserting #bjac1 and #bjad4  7b7       
,effective date ,the amendments made by 
this section shall apply to stock       
acquired after ,december #ca1 #bjac4    

#c4 ,temporary increase in deduction for
 start-up expenditures  7a7 ,in general 
,paragraph 7#c7 of section #aie7;b7 of  
the ,internal ,revenue ,code of #aihf is
 amended-- 7#a7 by inserting 1 #bjac1 or
 #bjad after #bjaj1 and  7#b7 by        
inserting #bjac1 or #bjad after #bjaj in
 the heading4  7b7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjab4  #d4 ,extension of
 reduction in ,s-corporation recognition
 period for built-in gains tax  7a7 ,in 
general ,subparagraph 7,c7 of section   
#acgd7;d77#g7 of the ,internal ,revenue 
,code of #aihf is amended-- 7#a7 by     
striking #bjab or #bjac and inserting   
#bjab1 #bjac1 or #bjad1 and  7#b7 by    
striking #bjab and #bjac in the heading 
and inserting #bjab1 #bjac1 and #bjad4  
7b7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjac4  #e4 ,deduction for health       
insurance costs in computing            

self-employment taxes in #bjac  7a7 ,in 
general ,paragraph 7#d7 of section      
#afb7l7 of the ,internal ,revenue ,code 
of #aihf is amended by striking         
beginning before ,january #a1 #bjaj and 
all that follows and inserting          
8beginning--  7,a7 before ,january #a1  
#bjaj1  7,b7 after ,december #ca1 #bjaj1
 and before ,january #a1 #bjac1 or  7,c7
 after ,december #ca1 #bjac4  4  7b7    
,effective date ,the amendment made by  
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjab4  #f4 ,extension of increased     
expensing limitations and treatment of  
certain real property as section #agi   
property  7a7 ,in general  7#a7 ,dollar 
limitation ,section #agi7;b77#a7 of the 
,internal ,revenue ,code of #aihf is    
amended-- 7,a7 by striking or #bjac in  
subparagraph 7,b7 and inserting #bjac1  
or #bjad1 and  7,b7 by striking #bjac in
 subparagraph 7,c7 and inserting #bjad4 
7#b7 ,reduction in limitation ,section  
#agi7;b77#b7 of such ,code is amended-- 

7,a7 by striking or #bjac in            
subparagraph 7,b7 and inserting #bjac1  
or #bjad1 and  7,b7 by striking #bjac in
 subparagraph 7,c7 and inserting #bjad4 
7b7 ,computer software ,section         
#agi7;d77#a77;,a77ii7 of the ,internal  
,revenue ,code of #aihf is amended by   
striking #bjad and inserting #bjae4  7c7
 ,election ,section #agi7;c77#b7 of the 
,internal ,revenue ,code of #aihf is    
amended by striking #bjad and inserting 
#bjae4  7d7 ,special rules for treatment
 of qualified real property  7#a7 ,in   
general ,section #agi7;f77#a7 of the    
,internal ,revenue ,code of #aihf is    
amended by striking or #bjac and        
inserting #bjac1 or #bjad4  7#b7        
,carryover limitation  7,a7 ,in general 
,section #agi7;f77#d7 of such ,code is  
amended by striking #bjac each place it 
appears and inserting #bjad4  7,b7      
,conforming amendment ,subparagraph 7,c7
 of section #agi7;f77#d7 of such ,code  
is amended by striking #bjaa and #bjab  
in the heading and inserting #bjaa1     

#bjab1 and #bjac4  7e7 ,effective date  
,the amendments made by this section    
shall apply to taxable years beginning  
after ,december #ca1 #bjac4