Sec. 2022. ADDITIONAL FIRST-YEAR DEPRECIATION FOR 50 PERCENT OF THE BASIS OF CERTAIN QUALIFIED PROPERTY

335 words·~2 min read·/statute-compilations/comps-9466/sec-2022

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## SEC. 2022 ADDITIONAL FIRST-YEAR DEPRECIATION FOR 50 PERCENT OF THE BASIS OF CERTAIN QUALIFIED PROPERTY ###

(a)In General Paragraph

(2)of section 168(k) of the Internal Revenue Code of 1986 is amended— ####

(1)by striking “January 1, 2011” in subparagraph (A)(iv) and inserting “January 1, 2012”, and ####

(2)by striking “January 1, 2010” each place it appears and inserting “January 1, 2011”. ###

(b)Conforming Amendments ####

(1)The heading for subsection

(k)of section 168 of the Internal Revenue Code of 1986 is amended by striking “January 1, 2010” and inserting “January 1, 2011”. ####

(2)The heading for clause

(ii)of section 168(k)(2)(B) of such Code is amended by striking “Pre-january 1, 2010” and inserting “Pre-january 1, 2011”. ####

(3)Subparagraph

(D)of section 168(k)(4) of such Code is amended by striking “ and ” at the end of clause (ii), by striking the period at the end of clause

(iii)and inserting a comma, and by adding at the end the following new clauses: > > ###### “(iv) > > ‘January 1, 2011’ shall be substituted for ‘January 1, 2012’ in subparagraph (A)(iv) thereof, and > > > ###### “(v) > > ‘January 1, 2010’ shall be substituted for ‘January 1, 2011’ each place it appears in subparagraph

(A)thereof.” > . ####

(4)Subparagraph

(B)of section 168(l)(5) of such Code is amended by striking “January 1, 2010” and inserting “January 1, 2011”. ####

(5)Subparagraph

(C)of section 168(n)(2) of such Code is amended by striking “January 1, 2010” and inserting “January 1, 2011”. ####

(6)Subparagraph

(D)of section 1400L(b)(2) of such Code is amended by striking “January 1, 2010” and inserting “January 1, 2011”. ####

(7)Subparagraph

(B)of section 1400N(d)(3) of such Code is amended by striking “January 1, 2010” and inserting “January 1, 2011”. ###

(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.