I 
111TH CONGRESS 
2D SESSION 
H. R. 4655 
To amend the Internal Revenue Code of 1986 to provide a 1-year extension 
of the increased expensing of certain depreciable business assets and 
the special depreciation allowance for certain business property. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 23, 2010 
Mr. BRIGHT 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 
a 1-year extension of the increased expensing of certain 
depreciable business assets and the special depreciation 
allowance for certain business property. 
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 Expan-
sion and Job Creation Act of 2010’’. 
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SEC. 2. EXTENSION OF INCREASE IN LIMITATION ON EX-
PENSING OF CERTAIN DEPRECIABLE BUSI-
NESS ASSETS. 
(a) EXTENSION
OF
INCREASED
LIMITATIONS.— 
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 and 
inserting ‘‘2009, AND 2010’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2009. 
SEC. 3. SPECIAL ALLOWANCE FOR CERTAIN PROPERTY AC-
QUIRED DURING 2010. 
(a) EXTENSION OF SPECIAL ALLOWANCE.— 
(1) IN
GENERAL.—Paragraph (2) of section 
168(k) of the Internal Revenue Code of 1986 is 
amended— 
(A) by striking ‘‘January 1, 2011’’ and in-
serting ‘‘January 1, 2012’’, and 
(B) by striking ‘‘January 1, 2010’’ each 
place it appears and inserting ‘‘January 1, 
2011’’. 
(2) CONFORMING AMENDMENTS.— 
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(A) The heading for subsection (k) of sec-
tion 168 of such Code is amended by striking 
‘‘2010’’ and inserting ‘‘2011’’. 
(B) The heading for clause (ii) of section 
168(k)(2)(B) of such Code is amended by strik-
ing ‘‘PRE-JANUARY 1, 2010’’ and inserting ‘‘PRE- 
JANUARY 1, 2011’’. 
(C) Subparagraph (B) of section 168(l)(5) 
of such Code is amended by striking ‘‘January 
1, 2009’’ and inserting ‘‘January 1, 2010’’. 
(D) Subparagraph (C) of section 168(n)(2) 
of such Code is amended by striking ‘‘January 
1, 2009’’ and inserting ‘‘January 1, 2010’’. 
(E) 
Subparagraph 
(B) 
of 
section 
1400N(d)(3) of such Code is amended by strik-
ing ‘‘January 1, 2009’’ and inserting ‘‘January 
1, 2010’’. 
(b) EXTENSION OF ELECTION TO ACCELERATE THE 
AMT AND RESEARCH CREDITS IN LIEU OF BONUS DE-
PRECIATION.—Paragraph (4) of section 168(k) of such 
Code (relating to election to accelerate the AMT and re-
search credits in lieu of bonus depreciation) is amended— 
(1) by striking ‘‘January, 1, 2010’’ and insert-
ing ‘‘January 1, 2011’’ in subparagraph (D)(iii), 
and 
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(2) by adding at the end the following new sub-
paragraph: 
‘‘(I) SPECIAL RULES FOR 2010 EXTENSION 
PROPERTY.— 
‘‘(i) 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, or under 
subparagraph (H) for its first taxable year 
ending after December 31, 2008— 
‘‘(I) the taxpayer may elect not 
to have this paragraph apply to 2010 
extension property, but 
‘‘(II) if the taxpayer does not 
make the election under subclause (I), 
in applying this paragraph to the tax-
payer a separate bonus depreciation 
amount, maximum amount, and max-
imum increase amount shall be com-
puted and applied to eligible qualified 
property which is 2010 extension 
property. 
‘‘(ii) TAXPAYERS
NOT
PREVIOUSLY 
ELECTING ACCELERATION.—In the case of 
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a taxpayer who did not make the election 
under subparagraph (A) for its first tax-
able year ending after March 31, 2008, or 
under subparagraph (H) for its first tax-
able year ending after December 31, 
2008— 
‘‘(I) the taxpayer may elect to 
have this paragraph apply to its first 
taxable year ending after December 
31, 2009, 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 2010 ex-
tension property. 
‘‘(iii) 2010 EXTENSION PROPERTY.— 
For purposes of this subparagraph, the 
term ‘2010 extension property’ means 
property which is eligible qualified property 
solely by reason of the extension of the ap-
plication of the special allowance under 
paragraph (1) pursuant to the amend-
ments made by section 2(a) of the Small 
Business Expansion and Job Creation Act 
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of 2010 (and the application of such exten-
sion to this paragraph pursuant to the 
amendment made by section 2(b)(1) of 
such Act).’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to property placed in service after 
December 31, 2009, in taxable years ending after such 
date. 
Æ 
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