[Congressional Record Volume 153, Number 8 (Tuesday, January 16, 2007)]
[Senate]
[Pages S598-S599]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. COLEMAN:
  S. 299. A bill to amend the Internal Revenue Code of 1986 to extend 
increased expensing for small businesses; to the Committee on Finance.
  Mr. COLEMAN. Mr. President, I ask unanimous consent that the text of 
my legislation to extend increased expensing for small businesses be 
printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

[[Page S599]]

                                 S. 299

       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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