Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Public Safety and Protection
Investment Act of 2003''.

SEC. 2. BUSINESS DEDUCTION FOR PURCHASE AND INSTALLATION OF SECURITY
DEVICES.

(a) In General.--Part VI of subchapter B of chapter 1 of the
Internal Revenue Code of 1986 (relating to itemized deductions for
individuals and corporations) is amended by inserting after section
179A the following new section:

''SEC. 179B. SECURITY DEVICE PURCHASES.

''(a) Allowance of Deduction.--A taxpayer may elect to treat the
cost of any qualifying security device as an expense which is not
chargeable to capital account. Any cost so treated shall be allowed as
a deduction for the taxable year in which such device is placed in
service.
''(b) Definitions.--For purposes of this section--
''(1) Qualifying security device.--The term 'qualifying
security device' means a security device (to which section 168
applies) which is acquired by purchase (as defined in section
179(d)(2)) and which is installed or placed in service in a
building which is owned or occupied by the taxpayer and which
is located in the United States.
''(2) Security device.--The term 'security device' means
any of the following:
''(A) An electronic access control device or
system.
''(B) Biometric identification or verification
device or system.
''(C) Closed-circuit television or other
surveillance and security cameras and equipment.
''(D) Locks for doors and windows, including
tumbler, key, and numerical or other coded devices.
''(E) Computers and software used to combat
cyberterrorism.
''(F) Electronic alarm systems to provide detection
notification and off-premises transmission of an
unauthorized entry, attack, or fire.
''(G) An electronic device capable of tracking or
verifying the presence of assets.
''(H) High efficiency air filtering systems.
''(I) Mechanical and non-mechanical vehicle
arresting barricades.
''(J) Metal detectors.
''(K) Signal repeating devices for emergency
response personnel wireless communication systems.
''(L) Components, wiring, system displays,
terminals, auxiliary power supplies, computer systems,
software, networking infrastructure and other equipment
necessary or incidental to the operation of any item
described in any of the preceding subparagraphs.
''(3) Building.--The term 'building' includes any structure
or part of a structure used for commercial, retail, or business
purposes.
''(c) Special Rules.--
''(1) Basis reduction.--For purposes of this subtitle, if a
deduction is allowed under this section with respect to the
purchase of a qualifying security device, the basis of such
device shall be reduced by the amount of the deduction so
allowed.
''(2) Certain rules to apply.--Rules similar to the rules
of section 179(b)(3), section 179(c), and paragraphs (3), (4),
(8), and (10) of section 179(d), shall apply for purposes of
this section.''.
(b) Conforming and Clerical Amendments.--
(1) Section 263(a)(1) of such Code is amended by striking
''or'' at the end of subparagraph (G), by striking the period
at the end of subparagraph (H) and inserting '', or'', and by
inserting after subparagraph (H) the following new
subparagraph:
''(I) expenditures for which a deduction is allowed
under section 179B.''.
(2) Section 312(k)(3)(B) of such Code is amended by
striking ''or 179A'' each place it appears in the heading and
text and inserting '', 179A, or 179B''.
(3) Section 1016(a) of such Code is amended by striking
''and'' at the end of paragraph (27), by striking the period at
the end of paragraph (28) and inserting '', and'', and by
inserting after paragraph (28) the following new paragraph:
''(29) to the extent provided in section 179B(d)(1),''.
(4) Section 1245(a) of such Code is amended by inserting
''179B,'' after ''179A,'' both places it appears in paragraphs
(2)(C) and (3)(C).
(5) The table of sections for part VI of subchapter B of
chapter 1 of such Code is amended by inserting after the item
relating to section 179A the following new item:

''Sec. 179B. Security device
purchases.''.
(c) Effective Date.--The amendments made by this Act shall apply to
taxable years ending after the date of the enactment of this Act.
Student:
Public Safety and Protection Investment Act of 2003 - Amends the Internal Revenue Code to allow businesses to expense the costs of purchasing and installing qualifying security devices.