,,ib  ,union ,calendar ,no4 #ae  #aadth 
,,congress  #ast ,session  ,h4 ,r4 #fcf 
,report ,no4 #aad-ba1 ,part ,i  ,,in    
,,the ,,house ,,of ,,representatives    
,february #b1 #bjae ,mr4 ,tiberi 7for   
himself1 ,mr4 ,kind1 ,mr4 ,young of     
,indiana1 ,mr4 ,neal1 ,mr4 ,schock1 ,mr4
 ,danny ,k4 ,davis of ,illinois1 ,mr4   
,reed1 and ,mr4 ,smith of ,missouri7    
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means1 and in addition to the         
,committee on the ,budget1 for a period 
to be subsequently determined by the    
,speaker1 in each case for consideration
 of such provisions as fall within the  
jurisdiction of the committee concerned 
,february #i1 #bjae ,additional         
sponsors3 ,mr4 ,blum1 ,mr4 ,costello of 
,pennsylvania1 ,mr4 ,des,jarlais1 ,mr4  
,smith of ,nebraska1 ,mr4 ,kline1 ,mrs4 
,bustos1 and ,mr4 ,emmer  ,february #i1 
#bjae ,reported from the ,committee on  
,ways and ,means with an amendment      
,strike out all after the enacting      

clause and insert the part printed in   
italic  ,february #i1 #bjae ,the        
,committee on the ,budget discharged2   
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union and ordered to be printed ,for   
text of introduced bill1 see copy of    
bill as introduced on ,february #b1     
#bjae  ,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 #bjae4  #b4 ,expensing 
certain depreciable business assets for 
small business  7a7 ,in general  7#a7   
,dollar limitation ,section #agi7;b77#a7
 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 ,section  
#agi7;b77#b7 of such ,code is amended by
 striking exceeds-- and all that follows

 and inserting exceeds #b1jjj1jjj44  7b7
 ,computer software ,section            
#agi7;d77#a77;,a77ii7 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 #bjae and        
inserting and to which section #afg     
applies4  7c7 ,election ,section        
#agi7;c77#b7 of such ,code is amended-- 
7#a7 by striking may not be revoked and 
all that follows through and before     
#bjae1 and  7#b7 by striking irrevocable
 in the heading thereof4  7d7 ,air      
conditioning and heating units ,section 
#agi7;d77#a7 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 after #bjji and  
before #bjae in paragraph 7#a71 and     
7#b7 by striking paragraphs 7#c7 and    
7#d74  7f7 ,inflation adjustment        
,section #agi7;b7 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 #bjae1 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;f77#c7 for the calendar year in     
which the taxable year begins1          
determined by substituting calendar year
 #bjad for calendar year #aiib in       
subparagraph 7,b7 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    
#bjad4  #c4 ,budgetary effects ,the     
budgetary effects of this ,act shall not
 be entered on either ,,paygo scorecard 
maintained pursuant to section #d7;d7 of

 the ,statutory ,pay-,as-,you-,go ,act  
of #bjaj4  ,february #i1 #bjae ,reported
 from the ,committee on ,ways and ,means
 with an amendment ,february #i1 #bjae  
,the ,committee on the ,budget          
discharged2 committed to the ,committee 
of the ,whole ,house on the ,state of   
the ,union and ordered to be printed