Sec. 13101. Modifications of rules for expensing depreciable business assets
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/bill/115/hr/1/enr/section-13101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 179(b)(1) is amended by striking $500,000 and inserting $1,000,000 . Section 179(b)(2) is amended by striking $2,000,000 and inserting $2,500,000 . Subparagraph
(A)of section 179(b)(6), as amended by section 11002(d), is amended— by striking 2015 and inserting 2018 , and in clause (ii), by striking calendar year 2014 and inserting calendar year 2017 . Section 179(b)(6) is amended— in subparagraph (A), by striking paragraphs
(1)and
(2)and inserting paragraphs (1), (2), and (5)(A) , and in subparagraph (B), by inserting ($100 in the case of any increase in the amount under paragraph (5)(A)) after $10,000 . Subparagraph
(B)of section 179(d)(1) is amended to read as follows: which is— section 1245 property (as defined in section 1245(a)(3)), or at the election of the taxpayer, qualified real property (as defined in subsection (f)), and . Subsection
(f)of section 179 is amended to read as follows: For purposes of this section, the term qualified real property means— any qualified improvement property described in section 168(e)(6), and any of the following improvements to nonresidential real property placed in service after the date such property was first placed in service: Roofs. Heating, ventilation, and air-conditioning property. Fire protection and alarm systems. Security systems. . The last sentence of section 179(d)(1) is amended by inserting (other than paragraph
(2)thereof) after section 50(b) . The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2017.