,,ii  #aac? ,,congress  #a/ ,session    
,s4 #adih  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #ab1         
#bjac,ms4 ,l&rieu introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 ext5d c]ta9 expir+ provisions relat+ to
 small bus9esses1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,small ,bus9ess ,tax ,fairness ,act4    
#b4 ,ext5sion ( tempor>y exclusion (    
#ajj p]c5t ( ga9 on c]ta9 small bus9ess 
/ock  7a7 ,9 g5]al ,p>agraph 7#d7 (     
section #abjb7;a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$-- 7#a7 by /rik+  
,janu>y #a1 #bjad & ins]t+ ,janu>y #a1  
#bjae1 &  7#b7 by /rik+ & #bjac 9 !     
head+ & ins]t+ #bjac1 & #bjad4  7b7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to /ock acquir$ aft] 
,decemb] #ca1 #bjac4  #c4 ,tempor>y     
increase 9 d$uction = />t-up exp5ditures
  7a7 ,9 g5]al ,p>agraph 7#c7 ( section 
#aie7;b7 ( ! ,int]nal ,rev5ue ,code (   

#aihf is am5d$-- 7#a7 by ins]t+ 1 #bjac1
 or #bjad aft] #bjaj1 &  7#b7 by ins]t+ 
#bjac1 or #bjad aft] #bjaj 9 ! head+4   
7b7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjab4  #d4   
,ext5sion ( r$uction 9 ,s-corporation   
recognition p]iod = built-9 ga9s tax    
7a7 ,9 g5]al ,subp>agraph 7,c7 ( section
 #acgd7;d77#g7 ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$-- 7#a7 by /rik+  
#bjab or #bjac & ins]t+ #bjab1 #bjac1 or
 #bjad1 &  7#b7 by /rik+ #bjab & #bjac 9
 ! head+ & ins]t+ #bjab1 #bjac1 & #bjad4
  7b7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjac4   
#e4 ,d$uction = heal? insurance co/s 9  
comput+ self-employm5t taxes 9 #bjac    
7a7 ,9 g5]al ,p>agraph 7#d7 ( section   
#afb7l7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$ by /rik+ beg9n+ be=e     
,janu>y #a1 #bjaj & all t foll[s &      
ins]t+ 8beg9n+--  7,a7 be=e ,janu>y #a1 
#bjaj1  7,b7 aft] ,decemb] #ca1 #bjaj1 &

 be=e ,janu>y #a1 #bjac1 or  7,c7 aft]  
,decemb] #ca1 #bjac4  4  7b7 ,effective 
date ,! am5dm5t made by ?is section %all
 apply to taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjab4  #f4 ,ext5sion (   
increas$ exp5s+ limitations & treatm5t (
 c]ta9 real prop]ty z section #agi      
prop]ty  7a7 ,9 g5]al  7#a7 ,doll>      
limitation ,section #agi7;b77#a7 ( !    
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7,a7 by /rik+ or #bjac 9        
subp>agraph 7,b7 & ins]t+ #bjac1 or     
#bjad1 &  7,b7 by /rik+ #bjac 9         
subp>agraph 7,c7 & ins]t+ #bjad4  7#b7  
,r$uction 9 limitation ,section         
#agi7;b77#b7 ( su* ,code is am5d$-- 7,a7
 by /rik+ or #bjac 9 subp>agraph 7,b7 & 
ins]t+ #bjac1 or #bjad1 &  7,b7 by /rik+
 #bjac 9 subp>agraph 7,c7 & ins]t+      
#bjad4  7b7 ,comput] s(tw>e ,section    
#agi7;d77#a77;,a77ii7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
#bjad & ins]t+ #bjae4  7c7 ,election    
,section #agi7;c77#b7 ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 

#bjad & ins]t+ #bjae4  7d7 ,special     
rules = treatm5t ( qualifi$ real prop]ty
  7#a7 ,9 g5]al ,section #agi7;f77#a7 ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by /rik+ or #bjac & ins]t+ #bjac1 
or #bjad4  7#b7 ,c>ryov] limitation     
7,a7 ,9 g5]al ,section #agi7;f77#d7 (   
su* ,code is am5d$ by /rik+ #bjac ea*   
place x appe>s & ins]t+ #bjad4  7,b7    
,con=m+ am5dm5t ,subp>agraph 7,c7 (     
section #agi7;f77#d7 ( su* ,code is     
am5d$ by /rik+ #bjaa & #bjab 9 ! head+ &
 ins]t+ #bjaa1 #bjab1 & #bjac4  7e7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjac4