Sec. 315. EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY
317 words·~1 min read·
/statute-compilations/comps-10390/sec-315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 315 EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY ###
(a)In General ####
(1)Dollar limitation Section 179(b)(1) is amended— #####
(A)by striking “2010 or 2011,” in subparagraph
(B)and inserting “2010, 2011, 2012, or 2013, and”, #####
(B)by striking subparagraph (C), #####
(C)by redesignating subparagraph
(D)as subparagraph (C), and #####
(D)in subparagraph (C), as so redesignated, by striking “2012” and inserting “2013”. ####
(2)Reduction in limitation Section 179(b)(2) is amended— #####
(A)by striking “2010 or 2011,” in subparagraph
(B)and inserting “2010, 2011, 2012, or 2013, and”, #####
(B)by striking subparagraph (C), #####
(C)by redesignating subparagraph
(D)as subparagraph (C), and #####
(D)in subparagraph (C), as so redesignated, by striking “2012” and inserting “2013”. ####
(3)Conforming amendment Subsection
(b)of section 179 is amended by striking paragraph (6). ###
(b)Computer Software **[**[26 U.S.C. 179](/us/usc/t26/s179)**]** Section 179(d)(1)(A)(ii) is amended by striking “2013” and inserting “2014”. ###
(c)Election Section 179(c)(2) is amended by striking “2013” and inserting “2014”. ###
(d)Special Rules for Treatment of Qualified Real Property ####
(1)In general Section 179(f)(1) is amended by striking “2010 or 2011” and inserting “2010, 2011, 2012, or 2013”. ####
(2)Carryover limitation #####
(A)In general Section 179(f)(4) is amended by striking “2011” each place it appears and inserting “2013”. #####
(B)Conforming amendment Subparagraph
(C)of section 179(f)(4) is amended— ######
(i)in the heading, by striking “2010” and inserting “2010, 2011 and 2012”, and ######
(ii)by adding at the end the following: “For the last taxable year beginning in 2013, the amount determined under subsection (b)(3)(A) for such taxable year shall be determined without regard to this paragraph.”. ###
(e)Effective Date **[**[26 U.S.C. 179 note](/us/usc/t26/s179)**]** The amendments made by this section shall apply to taxable years beginning after December 31, 2011.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 315
EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY
Cites 1Cited by 0 across 0 sources