to, or repeal of, a section or other provision, the reference 
shall be considered to be made to a section or other provi-
sion of the Internal Revenue Code of 1986. 
(c) TABLE OF CONTENTS.—The table of contents is 
as follows: 
Sec. 1. Short title; amendment of 1986 Code; table of contents. 
TITLE I—TAX RELIEF 
Sec. 101. SECA tax deduction for health insurance costs. 
Sec. 102. Repeal of Federal unemployment surtax. 
Sec. 103. Increase in expense treatment for small businesses. 
Sec. 104. Increased deduction for business meal expenses. 
Sec. 105. Alternative minimum tax. 
Sec. 106. Credit for expenses for long-term training of employees in highly 
skilled small business trades. 
Sec. 107. Permanent extension of work opportunity credit and Welfare-to-Work 
credit. 
Sec. 108. Increase in contribution limits applicable to simple retirement ac-
counts. 
Sec. 109. Recovery period for depreciation of replacement roof systems, quali-
fied leasehold improvement properties, and qualified restaurant 
properties. 
TITLE II—TAX SIMPLIFICATION 
Sec. 201. Depreciation modifications. 
Sec. 202. Simplification of estimated tax rules. 
Sec. 203. Qualified joint ventures operated by husband and wife as co-owners. 
Sec. 204. Increase in Self-Employment exemption amount. 
Sec. 205. Standard home office deduction. 
TITLE III—S CORPORATION REFORM AND SIMPLIFICATION 
Sec. 301. Treatment of bank director shares. 
Sec. 302. Extension of time for making s corporation elections. 
TITLE IV—TAXPAYER PROTECTIONS 
Sec. 401. Taxpayer’s right to have an IRS examination take place at another 
site. 
Sec. 402. Relief from penalties for deposits of taxes made on a timely basis but 
not in the prescribed manner.
TITLE I—TAX RELIEF 
SEC. 101. SECA TAX DEDUCTION FOR HEALTH INSURANCE 
COSTS. 
(a) IN GENERAL.—Subsection (l) of section 162 (re-
lating to special rules for health insurance costs of self- 
employed individuals) is amended by striking paragraph 
(4) and by redesignating paragraph (5) as paragraph (4). 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
(c) SOCIAL SECURITY TRUST FUNDS HELD HARM-
LESS.—There are hereby appropriated (out of any money 
in the Treasury not otherwise appropriated) for each fiscal 
year to each fund under the Social Security Act an amount 
equal to the reduction in the transfers to such fund for 
such fiscal year by reason of the amendment made by this 
section. 
SEC. 102. REPEAL OF FEDERAL UNEMPLOYMENT SURTAX. 
(a) IN GENERAL.—Section 3301 (relating to rate of 
Federal unemployment tax) is amended— 
(1) by striking ‘‘2007’’ and inserting ‘‘2005’’, 
and 
(2) by striking ‘‘2008’’ and inserting ‘‘2006’’.
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to calendar years beginning after 
December 31, 2005. 
SEC. 103. INCREASE IN EXPENSE TREATMENT FOR SMALL 
BUSINESSES. 
(a) IN GENERAL.—Section 179(b)(1) (relating to dol-
lar limitation) is amended by striking ‘‘$25,000 ($100,000 
in the case of taxable years beginning after 2002 and be-
fore 2008)’’ and inserting ‘‘$100,000’’. 
(b) EXPANSION OF PHASE-OUT OF LIMITATION.— 
Section 179(b)(2) is amended by striking ‘‘$200,000 
($400,000 in the case of taxable years beginning after 
2002 and before 2008)’’ and inserting ‘‘$400,000’’. 
(c) 
INFLATION
ADJUSTMENTS.—Section 
179(b)(5)(A) (relating to inflation adjustments) is amend-
ed by striking ‘‘and before 2008’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2007. 
SEC. 104. INCREASED DEDUCTION FOR BUSINESS MEAL EX-
PENSES. 
(a) IN GENERAL.—Section 274(n)(1) (relating to 
only 50 percent of meal and entertainment expenses al-
lowed as deduction) is amended by striking ‘‘50 percent’’ 
in the text and inserting ‘‘the allowable percentage’’.