I 
111TH CONGRESS 
2D SESSION 
H. R. 4513 
To create jobs by providing targeted tax relief to individuals and small 
businesses, curb frivolous lawsuits, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 26, 2010 
Mr. BUCHANAN introduced the following bill; which was referred to the Com-
mittee on Ways and Means, and in addition to the Committees on Finan-
cial Services and the Judiciary, for a period to be subsequently deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To create jobs by providing targeted tax relief to individuals 
and small businesses, curb frivolous lawsuits, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Job Creation Act of 
2010’’. 
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TITLE I—GENERAL PROVISIONS 
AFFECTING SMALL BUSINESS 
SEC. 101. EXTENSION OF INCREASED EXPENSING FOR 
SMALL BUSINESSES. 
(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 ‘‘AND
2009’’ in the heading 
thereof and inserting ‘‘2009, OR 2010’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2009. 
SEC. 102. ONE YEAR ELIMINATION OF THE CAPITAL GAINS 
TAX FOR SMALL BUSINESSES. 
(a) IN GENERAL.—Subsection (a) of section 1202 of 
the Internal Revenue Code of 1986 (relating to partial ex-
clusion for gain from certain small business stock) is 
amended by adding at the end the following new para-
graph: 
‘‘(4) SPECIAL RULE FOR 2010.—In the case of 
qualified small business stock acquired after Decem-
ber 31, 2009, and before January 1, 2011— 
‘‘(A) paragraph (1) shall be applied by 
substituting ‘100 percent’ for ‘50 percent’, and 
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‘‘(B) paragraph (2) shall not apply.’’. 
(b) 
CONFORMING
AMENDMENTS.—Section 
1202(a)(3) of such Code is amended— 
(1) by striking ‘‘2011’’ and inserting ‘‘2010’’, 
and 
(2) by striking ‘‘AND 2010’’ in the heading. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to stock acquired after December 
31, 2009. 
SEC. 103. UNEMPLOYMENT BENEFITS EXCLUDED FROM IN-
COME TAX FOR 2010. 
(a) IN GENERAL.—Section 85 of the Internal Rev-
enue Code of 1986 (relating to unemployment compensa-
tion) is amended by adding at the end the following new 
subsection: 
‘‘(d) SPECIAL RULE FOR 2009.—Subsection (a) shall 
not apply in the case of any taxable year beginning in 
2010.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) shall apply to taxable years beginning after 
December 31, 2009. 
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