[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 299 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                 S. 299

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 16, 2007

  Mr. Coleman introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


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

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

SECTION 1. EXTENSION OF INCREASED EXPENSING FOR SMALL BUSINESSES.

    (a) Extension.--Section 179 of the Internal Revenue Code of 1986 
(relating to election to expense certain depreciable business assets) 
is amended by striking ``2010'' each place it appears and inserting 
``2011''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2009.
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