[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 212 Introduced in House (IH)]







111th CONGRESS
  1st Session
                                H. R. 212

To amend the Internal Revenue Code of 1986 to extend bonus depreciation 
                              for 2 years.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2009

 Mr. Wilson of South Carolina 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 bonus depreciation 
                              for 2 years.

    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 ``Bonus Depreciation Extension Act of 
2009''.

SEC. 2. TWO-YEAR EXTENSION OF BONUS DEPRECIATION.

    (a) In General.--Paragraph (2) of section 168(k) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``January 1, 2010'' and inserting ``January 
        1, 2012'', and
            (2) by striking ``January 1, 2009'' and inserting ``January 
        1, 2011''.
    (b) New York Liberty Zone.--The last sentence of section 
1400L(b)(2)(A) of such Code is amended by striking ``December 31, 2006 
(December 31, 2009'' and inserting ``December 31, 2008 (December 31, 
2011''.
    (c) Conforming Amendments.--
            (1) The heading for subsection (k) of section 168 of such 
        Code is amended by striking ``January 1, 2009'' and inserting 
        ``January 1, 2011''.
            (2) The heading for clause (ii) of section 168(k)(2)(B) of 
        such Code is amended by striking ``pre-january 1, 2009'' and 
        inserting ``pre-january 1, 2011''.
            (3) Section 168(l)(5)(B) of such Code is amended by 
        striking ``January 1, 2009'' and inserting ``January 1, 2011''.
            (4) Subparagraph 1400N(d)(3) of such Code is amended by 
        striking ``January 1, 2009'' and inserting ``January 1, 2011''.
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2009.
                                 <all>