[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1678 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1678

To amend the Internal Revenue Code of 1986 to extend the deduction for 
                increased expensing for small business.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 19, 2005

  Mrs. Musgrave (for herself and Mr. Herger) 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 extend the deduction for 
                increased expensing for small business.

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

SECTION 1. EXTENSION OF DEDUCTION FOR INCREASED EXPENSING FOR SMALL 
              BUSINESS.

    Subsections (b), (c), and (d) of section 179 of the Internal 
Revenue Code of 1986 (relating to election to expense certain 
depreciable business assets) are each amended by striking ``2008'' each 
place it appears and inserting ``2010''.
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