,,ii  #aad? ,,congress  #a/ ,session    
,s4 #acii  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bj1 #bjae,mr4    
,b5net introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to p]man5tly ext5d
 & increase exp5s+ limitations1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,small ,bus9ess ,exp5s+    
,act ( #bjae4  #b4 ,exp5s+ c]ta9        
depreciable bus9ess assets = small      
bus9ess  7a7 ,9 g5]al  7#a7 ,doll>      
limitation ,section #agi7;b77#a7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ %all n exce$-- & all t foll[s &
 ins]t+ %all n exce$ #a1jjj1jjj44  7#b7 
,r$uction 9 limitation ,section         
#agi7;b77#b7 ( su* ,code is am5d$ by    
/rik+ exce$s-- & all t foll[s & ins]t+  
exce$s #b1ejj1jjj44  7b7 ,comput] s(tw>e
 ,section #agi7;d77#a77;,a77ii7 ( !     
,int]nal ,rev5ue ,code ( #aihf 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 #bjae & ins]t+ 
& to :i* section #afg applies4  7c7     
,election ,section #agi7;c77#b7 ( !     
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ may n be revok$ & 
all t foll[s ?r\gh & be=e #bjae2 &  7#b7
 by /rik+ irrevocable 9 ! head+ !re(4   
7d7 ,qualifi$ real prop]ty ,section     
#agi7;f7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$--  7#a7 by /rik+ beg9n+  
aft] #bjji & be=e #bjae 9 p>agraph 7#a72
 &  7#b7 by /rik+ p>agraphs 7#c7 & 7#d74
  7e7 ,effective date ,! am5dm5ts made  
by ?is section %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjad4