I 111th CONGRESS 1st Session H. R. 3898 IN THE HOUSE OF REPRESENTATIVES October 22, 2009 Mr. Kratovil 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 temporary increase in limitations on expensing of certain depreciable business assets.

1.

Short title

This Act may be cited as the Small Business Property Reinvestment Act of 2009.

2.

Extension of temporary increase in limitations on expensing of certain depreciable business assets

(a)

In general

Paragraph (7) of section 179(b) of the Internal Revenue Code of 1986 is amended— (1)by striking or 2009 and inserting 2009, or 2010, and (2)by striking or 2009 in the heading thereof and inserting 2009, and 2010. (b)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2009.