[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3329 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3329

To amend the Internal Revenue Code of 1986 to increase the amount which 
  may be expensed with respect to certain depreciable business assets.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 1996

 Mr. Hilliard introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to increase the amount which 
  may be expensed with respect to certain depreciable business assets.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Enhancement Act of 
1996''.

SEC. 2. INCREASE IN EXPENSE TREATMENT.

    (a) In General.--Paragraph (1) of section 179(b) of the Internal 
Revenue Code (relating to dollar limitation) is amended by striking 
``$17,500'' and inserting ``$25,000''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1995.
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