I 
113TH CONGRESS 
1ST SESSION H. R. 2373 
To amend the Internal Revenue Code of 1986 to provide individual and 
corporate income tax relief and to extend 100 percent bonus depreciation, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 14, 2013 
Mr. BROUN of Georgia (for himself, Mr. WESTMORELAND, Mr. CHABOT, Mr. 
LAMBORN, Mr. GOHMERT, Mr. FRANKS of Arizona, and Mr. LONG) intro-
duced 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 
individual and corporate income tax relief and to extend 
100 percent bonus depreciation, 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 ‘‘Jumpstarting Our 
Business Sector Act of 2013’’. 
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(1) IN
GENERAL.—Subclause (II) of section 
168(k)(4)(D)(iii) of such Code is amended by strik-
ing ‘‘2014’’ and inserting ‘‘2017’’. 
(2) ROUND
EXTENSION
PROPERTY.—Para-
graph (4) of section 168(k) of such Code is amended 
by adding at the end the following new subpara-
graph: 
‘‘(K) SPECIAL RULES FOR ROUND 4 EX-
TENSION PROPERTY.— 
‘‘(i) IN
GENERAL.—In the case of 
round 4 extension property, this paragraph 
shall be applied without regard to— 
‘‘(I) the limitation described in 
subparagraph (B)(i) thereof, and 
‘‘(II) the business credit increase 
amount under subparagraph (E)(iii) 
thereof. 
‘‘(ii) TAXPAYERS PREVIOUSLY ELECT-
ING ACCELERATION.—In the case of a tax-
payer who made the election under sub-
paragraph (A) for its first taxable year 
ending after March 31, 2008, a taxpayer 
who made the election under subparagraph 
(H)(ii) for its first taxable year ending 
after December 31, 2008, a taxpayer who 
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made the election under subparagraph 
(I)(iii) for its first taxable year ending 
after December 31, 2010, or a taxpayer 
who made the election under subparagraph 
(J)(iii) for its first taxable year ending 
after December 31, 2012— 
‘‘(I) the taxpayer may elect not 
to have this paragraph apply to round 
4 extension property, but 
‘‘(II) if the taxpayer does not 
make the election under subclause (I), 
in applying this paragraph to the tax-
payer the bonus depreciation amount, 
maximum amount, and maximum in-
crease amount shall be computed and 
applied to eligible qualified property 
which is round 4 extension property. 
The amounts described in subclause (II) 
shall be computed separately from any 
amounts computed with respect to eligible 
qualified property which is not round 4 ex-
tension property. 
‘‘(iii) TAXPAYERS
NOT
PREVIOUSLY 
ELECTING ACCELERATION.—In the case of 
a taxpayer who neither made the election 
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under subparagraph (A) for its first tax-
able year ending after March 31, 2008, 
nor made the election under subparagraph 
(H)(ii) for its first taxable year ending 
after December 31, 2008, nor made the 
election under subparagraph (I)(iii) for any 
taxable year ending after December 31, 
2010, nor made the election under sub-
paragraph (J)(iii) for its first taxable year 
ending after December 31, 2012— 
‘‘(I) the taxpayer may elect to 
have this paragraph apply to its first 
3 taxable years ending after December 
31, 2013, and each subsequent tax-
able year, and 
‘‘(II) if the taxpayer makes the 
election under subclause (I), this 
paragraph shall only apply to eligible 
qualified property which is round 4 
extension property. 
‘‘(iv) ROUND
EXTENSION
PROP-
ERTY.—For purposes of this subpara-
graph, the term ‘round 4 extension prop-
erty’ means property which is eligible 
qualified property solely by reason of the 
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extension of the application of the special 
allowance under paragraph (1) pursuant to 
the amendments made by section 4(a)(1) 
of the Jumpstarting Our Business Sector 
Act of 2013 (and the application of such 
extension to this paragraph pursuant to 
the amendment made by section 4(b)(1) of 
such Act).’’. 
(3) CONFORMING AMENDMENTS.— 
(A) The heading for subsection (k) of sec-
tion 168 of such Code is amended by striking 
‘‘JANUARY 1, 2014’’ and inserting ‘‘JANUARY 
1, 2017’’. 
(B) The heading for clause (ii) of section 
168(k)(2)(B) of such Code is amended by strik-
ing ‘‘PRE-JANUARY 1, 2014’’ and inserting ‘‘PRE- 
JANUARY 1, 2017’’. 
(C) Subparagraph (C) of section 168(n)(2) 
of such Code is amended by striking ‘‘January 
1, 2014’’ and inserting ‘‘January 1, 2017’’. 
(D) 
Subparagraph 
(D) 
of 
section 
1400L(b)(2) of such Code is amended by strik-
ing ‘‘January 1, 2014’’ and inserting ‘‘January 
1, 2017’’. 
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(E) 
Subparagraph 
(B) 
of 
section 
1400N(d)(3) of such Code is amended by strik-
ing ‘‘January 1, 2014’’ and inserting ‘‘January 
1, 2017’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
December 31, 2013, in taxable years ending after such 
date. 
SEC. 5. REPEAL OF ESTATE AND GIFT TAXES. 
(a) IN GENERAL.—Subtitle B of the Internal Rev-
enue Code of 1986 (relating to estate, gift, and genera-
tion-skipping taxes ) is hereby repealed. 
(b) EFFECTIVE DATE.—The repeal made by sub-
section (a) shall apply to estates of decedents dying, gifts 
made, and generation-skipping transfers made after the 
date of the enactment of this Act. 
Æ 
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