,,ii  #aadth ,,congress  #ast ,session  
,s4 #acii  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bj1      
#bjae,mr4 ,bennet 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 permanently  
extend and increase expensing           
limitations1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,small ,business ,expensing ,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 #a1jjj1jjj44  7#b7          
,reduction in limitation ,section       
#agi7;b77#b7 of such ,code is amended by
 striking exceeds-- and all that follows
 and inserting exceeds #b1ejj1jjj44  7b7
 ,computer software ,section            

#agi7;d77#a77;,a77ii7 of the ,internal  
,revenue ,code of #aihf 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 the  
,internal ,revenue ,code of #aihf is    
amended-- 7#a7 by striking may not be   
revoked and all that follows through and
 before #bjae2 and  7#b7 by striking    
irrevocable in the heading thereof4  7d7
 ,qualified real property ,section      
#agi7;f7 of the ,internal ,revenue ,code
 of #aihf is amended--  7#a7 by striking
 beginning after #bjji and before #bjae 
in paragraph 7#a72 and  7#b7 by striking
 paragraphs 7#c7 and 7#d74  7e7         
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjad4