,,ii  #aadth ,,congress  #ast ,session  
,s4 #bcej  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #c1  
#bjae ,mr4 ,paul 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 provide for  
full expensing of tangible property4    
#a4 ,short title ,this ,act may be cited
 as the ,full ,expensing ,act of #bjae4 
#b4 ,permanent expansion of election to 
expense certain depreciable assets  7a7 
,expansion of types of property subject 
to election ,paragraph 7#a7 of section  
#agi7;d7 of the ,internal ,revenue ,code
 of #aihf is amended to read as follows3
  7#a7 ,section #agi property ,for      
purposes of this section1 the term      
section #agi property means property--  
7,a7 which is--  7i7 tangible property1 
or  7ii7 computer software 7as defined  
in section #aig7;e77#c77;,b77 which is  
described in section                    
#aig7;e77#c77;,a77i71  7,b7 which is    

acquired by purchase-- 7i7 for use in a 
trade or business1 or  7ii7 for the     
production of income1 and  7,c7 which   
was originally placed in service after  
the date of the enactment of the ,full  
,expensing ,act of #bjae4  4  7b7       
,repeal of dollar limitations ,section  
#agi of the ,internal ,revenue ,code of 
#aihf is amended by striking subsection 
7b74  7c7 ,conforming amendments        
,section #agi of such ,code is amended--
  7#a7 in subsection 7c77#b71 by        
striking and before #bjae1 and  7#b7 by 
striking subsections 7e7 and 7f74  7d7  
,effective date ,the amendments made by 
this section shall apply to property    
placed in service after the date of the 
enactment of this ,act4