I 
111TH CONGRESS 
2D SESSION 
H. R. 4841 
To amend the Internal Revenue Code of 1986 to provide tax relief for 
small businesses. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 12, 2010 
Ms. VELA´ZQUEZ 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 provide 
tax relief for small businesses. 
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 ‘‘Small Business Tax 
Relief and Job Growth Act of 2010’’. 
SEC. 2. INCREASE IN ALLOWABLE OF STARTUP EXPENDI-
TURES. 
(a) 
IN
GENERAL.—Clause 
(ii) 
of 
section 
195(b)(1)(A) of the Internal Revenue Code of 1986 is 
amended by striking ‘‘$5,000’’ and inserting ‘‘$20,000’’. 
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(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to amounts paid or incurred in tax-
able years beginning after December 31, 2009. 
SEC. 3. INCLUSION OF CERTAIN IMPROVEMENTS AS SEC-
TION 179 PROPERTY. 
(a) IN GENERAL.—Subsection (d) of section 179 of 
the Internal Revenue Code of 1986 is amended by adding 
at the end the following new paragraph: 
‘‘(11) SPECIAL RULE FOR 2010 AND 2011.—For 
purposes of this section— 
‘‘(A) IN GENERAL.—The term ‘section 179 
property’ shall include any qualified improve-
ment to real property, or qualified structural 
improvement, placed in service after December 
31, 2009, and before January 1, 2012. 
‘‘(B) QUALIFIED IMPROVEMENTS TO REAL 
PROPERTY.—For purposes of subparagraph 
(A), the term ‘improvements to real property’ 
means any improvement to a paved parking 
area, wharve, dock, bridge, fence, retaining 
wall, outdoor lighting, or other improvement 
(other than to a building or its structural com-
ponents), intended to improve or make such 
property ready for use in a trade or business. 
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‘‘(C) QUALIFIED
STRUCTURAL
IMPROVE-
MENT.—For purposes of subparagraph (A), the 
term ‘structural improvement’ means any im-
provement to a building or its structural compo-
nents (including improvements to the roof, 
drainage, plumbing, electrical components, heat-
ing, ventilation, or air conditioning, insulation, 
fire protection) intended to improve or make 
such building ready for use in a trade or busi-
ness.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2009. 
SEC. 4. REDUCE CORPORATE CAPITAL GAINS RATE FOR 
SMALL BUSINESS. 
(a) IN GENERAL.—Section 1201 of the Internal Rev-
enue Code of 1986 is amended by redesignating subsection 
(d) as subsection (e) and by inserting after subsection (c) 
the following new subsection: 
‘‘(d) SPECIAL RULE FOR QUALIFIED SMALL BUSI-
NESS.— 
‘‘(1) IN GENERAL.—In the case of a qualified 
small business, subsection (a) shall be applied by 
substituting ‘15 percent’ for ‘35 percent’ each place 
it appears. 
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‘‘(2) QUALIFIED SMALL BUSINESS.—For pur-
poses of this subsection, the term ‘qualified small 
business’ with respect to any taxable year means a 
corporation which, for 3 of the 5 immediately pre-
ceding taxable years— 
‘‘(A) was a C corporation, and 
‘‘(B) had average annual gross receipts of 
not more than $15,000,000. 
‘‘(3) CONTROLLED GROUPS.—For purposes of 
the paragraph (2), all corporations which are mem-
bers of the same controlled group of corporations 
(within the meaning of section 1563(a)) shall be 
treated as 1 corporation.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
Æ 
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