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119th Congress

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119th Congress

Title 26 — Internal Revenue Code

Part VI · Chapter 1 — Normal Taxes and Surtaxes

§ 179. Election to expense certain depreciable business assets

Statutory text

(a)

Treatment as expenses

A taxpayer may elect to treat the cost of any section 179 property 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 the section 179 property is placed in service.

(b)

Limitations

(1)

Dollar limitation

The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $2,500,000.

(2)

Reduction in limitation

The limitation under paragraph (1) for any taxable year shall be reduced (but not below zero) by the amount by which the cost of section 179 property placed in service during such taxable year exceeds $4,000,000.

(3)

Limitation based on income from trade or business

(A)

In general

The amount allowed as a deduction under subsection (a) for any taxable year (determined after the application of paragraphs (1) and (2)) shall not exceed the aggregate amount of taxable income of the taxpayer for such taxable year which is derived from the active conduct by the taxpayer of any trade or business during such taxable year.

(B)

Carryover of disallowed deduction

The amount allowable as a deduction under subsection (a) for any taxable year shall be increased by the lesser of—

(i)

the aggregate amount disallowed under subparagraph (A) for all prior taxable years (to the extent not previously allowed as a deduction by reason of this subparagraph), or

(ii)

the excess (if any) of—

(I)

the limitation of paragraphs (1) and (2) (or if lesser, the aggregate amount of taxable income referred to in subparagraph (A)), over

(II)

the amount allowable as a deduction under subsection (a) for such taxable year without regard to this subparagraph.

(C)

Computation of taxable income

For purposes of this paragraph, taxable income derived from the conduct of a trade or business shall be computed without regard to the deduction allowable under this section.

(4)

Married individuals filing separately

In the case of a husband and wife filing separate returns for the taxable year—

(A)

such individuals shall be treated as 1 taxpayer for purposes of paragraphs (1) and (2), and

(B)

unless such individuals elect otherwise, 50 percent of the cost which may be taken into account under subsection (a) for such taxable year (before application of paragraph (3)) shall be allocated to each such individual.

(5)

Limitation on cost taken into account for certain passenger vehicles

(A)

In general

The cost of any sport utility vehicle for any taxable year which may be taken into account under this section shall not exceed $25,000.

(B)

Sport utility vehicle

For purposes of subparagraph (A)—

(i)

In general

The term “sport utility vehicle” means any 4-wheeled vehicle—

(I)

which is primarily designed or which can be used to carry passengers over public streets, roads, or highways (except any vehicle operated exclusively on a rail or rails),

(II)

which is not subject to section 280F, and

(III)

which is rated at not more than 14,000 pounds gross vehicle weight.

(ii)

Certain vehicles excluded

Such term does not include any vehicle which—

(I)

is designed to have a seating capacity of more than 9 persons behind the driver’s seat,

(II)

is equipped with a cargo area of at least 6 feet in interior length which is an open area or is designed for use as an open area but is enclosed by a cap and is not readily accessible directly from the passenger compartment, or

(III)

has an integral enclosure, fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver’s seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield.

(6)

Inflation adjustment

(A)

In general

In the case of any taxable year beginning after 2018 (2025 in the case of the dollar amounts in paragraphs (1) and (2)), the dollar amounts in paragraphs (1), (2), and (5)(A) shall each be increased by an amount equal to—

(i)

such dollar amount, multiplied by

(ii)

the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting in subparagraph (A)(ii) thereof—

(I)

in the case of amounts in paragraphs (1) and (2), “calendar year 2024” for “calendar year 2016”, and

(II)

in the case of the amount in paragraph (5)(A), “calendar year 2017” for “calendar year 2016”.

(B)

Rounding

The amount of any increase under subparagraph (A) shall be rounded to the nearest multiple of $10,000 ($100 in the case of any increase in the amount under paragraph (5)(A)).

(c)

Election

(1)

In general

An election under this section for any taxable year shall—

(A)

specify the items of section 179 property to which the election applies and the portion of the cost of each of such items which is to be taken into account under subsection (a), and

(B)

be made on the taxpayer’s return of the tax imposed by this chapter for the taxable year.

Such election shall be made in such manner as the Secretary may by regulations prescribe.

(2)

Election

Any election made under this section, and any specification contained in any such election, may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.

(d)

Definitions and special rules

(1)

Section 179 property

For purposes of this section, the term “section 179 property” means property—

(A)

which is—

(i)

tangible property (to which section 168 applies), or

(ii)

computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i) and to which section 167 applies,

(B)

which is—

(i)

section 1245 property (as defined in section 1245(a)(3)), or

(ii)

at the election of the taxpayer, qualified real property (as defined in subsection (e)), and

(C)

which is acquired by purchase for use in the active conduct of a trade or business.

Such term shall not include any property described in section 50(b) (other than paragraph (2) thereof).

(2)

Purchase defined

For purposes of paragraph (1), the term “purchase” means any acquisition of property, but only if—

(A)

the property is not acquired from a person whose relationship to the person acquiring it would result in the disallowance of losses under section 267 or 707(b) (but, in applying section 267(b) and (c) for purposes of this section, paragraph (4) of section 267(c) shall be treated as providing that the family of an individual shall include only his spouse, ancestors, and lineal descendants),

(B)

the property is not acquired by one component member of a controlled group from another component member of the same controlled group, and

(C)

the basis of the property in the hands of the person acquiring it is not determined—

(i)

in whole or in part by reference to the adjusted basis of such property in the hands of the person from whom acquired, or

(ii)

under section 1014(a) (relating to property acquired from a decedent).

(3)

Cost

For purposes of this section, the cost of property does not include so much of the basis of such property as is determined by reference to the basis of other property held at any time by the person acquiring such property.

(4)

Section not to apply to estates and trusts

This section shall not apply to estates and trusts.

(5)

Section not to apply to certain noncorporate lessors

This section shall not apply to any section 179 property which is purchased by a person who is not a corporation and with respect to which such person is the lessor unless—

(A)

the property subject to the lease has been manufactured or produced by the lessor, or

(B)

the term of the lease (taking into account options to renew) is less than 50 percent of the class life of the property (as defined in section 168(i)(1)), and for the period consisting of the first 12 months after the date on which the property is transferred to the lessee the sum of the deductions with respect to such property which are allowable to the lessor solely by reason of section 162 (other than rents and reimbursed amounts with respect to such property) exceeds 15 percent of the rental income produced by such property.

(6)

Dollar limitation of controlled group

For purposes of subsection (b) of this section—

(A)

all component members of a controlled group shall be treated as one taxpayer, and

(B)

the Secretary shall apportion the dollar limitation contained in subsection (b)(1) among the component members of such controlled group in such manner as he shall by regulations prescribe.

(7)

Controlled group defined

For purposes of paragraphs (2) and (6), the term “controlled group” has the meaning assigned to it by section 1563(a), except that, for such purposes, the phrase “more than 50 percent” shall be substituted for the phrase “at least 80 percent” each place it appears in section 1563(a)(1).

(8)

Treatment of partnerships and S corporations

In the case of a partnership, the limitations of subsection (b) shall apply with respect to the partnership and with respect to each partner. A similar rule shall apply in the case of an S corporation and its shareholders.

(9)

Coordination with section 38

No credit shall be allowed under section 38 with respect to any amount for which a deduction is allowed under subsection (a).

(10)

Recapture in certain cases

The Secretary shall, by regulations, provide for recapturing the benefit under any deduction allowable under subsection (a) with respect to any property which is not used predominantly in a trade or business at any time.

(e)

Qualified real property

For purposes of this section, the term “qualified real property” means—

(1)

any qualified improvement property described in section 168(e)(6), and

(2)

any of the following improvements to nonresidential real property placed in service after the date such property was first placed in service:

(A)

Roofs.

(B)

Heating, ventilation, and air-conditioning property.

(C)

Fire protection and alarm systems.

(D)

Security systems.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Small Business Tax Revision Act of 1958

    Pub. L. 85–866 title II § 204(a) · 72 Stat. 1606

    Enacted · 26 U.S.C. § 179

    Added Pub. L. 85–866, title II, § 204(a), Sept. 2, 1958, 72 Stat. 1679

    Source evidence

    Code source credit
    Added Pub. L. 85–866, title II, § 204(a), Sept. 2, 1958, 72 Stat. 1679

    Enacted provision · exact public law section
    (a) In General.— Part VI of subchapter B of chapter 1 of the Internal Revenue Code of 1954 (relating to itemized deductions for individuals and corporations) is amended by adding after section 178 (as added by section 15 of this Act) the following new section: “SEC. 179. ADDITIONAL FIRST-YEAR DEPRECIATION ALLOWANCE FOR SMALL BUSINESS “(a) General Rule.— In the case of section 179 property, the term ‘reasonable allowance’ as used in section 167 (a) may, at the election of 26 USC 167. the taxpayer, include an allowance, for the first taxable year for which a deduction is allowable under section 167 to the taxpayer with respect to such property, of 20 percent of the cost of such property. (b) Dollar Limitation.— If in any one taxable year the cost of section 179 property with respect to which the taxpayer may elect an allowance under subsection (a) for such taxable year exceeds $10,000, then subsection (a) shall apply with respect to those items selected by the taxpayer, but only to the extent of an aggregate cost of $10,000. In the case of a husband and wife who file a joint return under section 6013 for the taxable year, the limitation under the preceding sentence shall be $20,000 in lieu of $10,000. “(c) Election.— “(1) In general.— The election under this section for any taxable year shall be made within the time prescribed by law (including extensions thereof) for filing the return for such taxable year. The election shall be made in such manner as the Secretary or his delegate may by regulations prescribe. “(2) Election irrevocable.— Any election made under this section may not be revoked except with the consent of the Secretary or his delegate. “(d) Definitions and Special Rules.— “(1) Section 179 property.— For purposes of this section, the term ‘section 179 property’ means tangible personal property— “(A) of a character subject to the allowance for depreciation under section 167, “(B) acquired by purchase after December 31, 1957, for use in a trade or business or for holding for production of income, and “(C) with a useful life (determined at the time of such acquisition) of 6 years or more. “(2) Purchase defined.— For purposes of paragraph (1), the term ‘purchase’ means any acquisition of property, but only if— “(A) the property is not acquired from a person whose relationship to the person acquiring it would result in the disallowance of losses under section 267 or 707 (b) (but, in 26 USC 267, 707. applying section 267 (b) and (c) for purposes of this section, paragraph (4) of section 267 (c) shall be treated as providing that the family of an individual shall include only his spouse, ancestors, and lineal descendants), “(B) the property is not acquired by one member of an affiliated group from another member of the same affiliated group, and “(C) the basis of the property in the hands of the person acquiring it is not determined— “(i) in whole or in part by reference to the adjusted basis of such property in the hands of the person from whom acquired, or “(ii) under section 1014 (a) (relating to property acquired from a decedent). “(3) Cost.— For purposes of this section, the cost of property does not include so much of the basis of such property as is determined by reference to the basis of other property held at any time by the person acquiring such property. “(4) Section not to apply to trusts.— This section shall not apply to trusts. “(5) Estates.— In the case of an estate, any amount apportioned to an heir, legatee, or devisee under section 167 (g) shall not be taken into account in applying subsection (b) of this section to section 179 property of such heir, legatee, or devisee not held by such estate. “(6) Dollar limitation of affiliated group.— For purposes of subsection (b) of this section— “(A) all members of an affiliated group shall be treated as one taxpayer, and “(B) the Secretary or his delegate shall apportion the dollar limitation contained in such subsection (b) among the members of such affiliated group in such manner as he shall by regulations prescribe. “(7) Affiliated group defined.— For purposes of paragraphs (2) and (6), the term ‘affiliated group’ has the meaning assigned 26 USC 1504. to it by section 1504, except that, for such purposes, the phrase ‘more than 50 percent’ shall be substituted for the phrase ‘at least 80 percent’ each place it appears in section 1504 (a). “(8) Adjustment to basis; when made.— In applying 26 USC 1016. section 167 (f), the adjustment under section 1016 (a) (2) resulting by reason of an election made under this section with respect to any section 179 property shall be made before any other deduction allowed by section 167 (a) is computed. “(e) Regulations.— The Secretary or his delegate shall prescribe such regulations as may be necessary to carry out the purposes of this section.”

  2. Revenue Act of 1962

    Pub. L. 87–834 § 13(c)(2)(A) · 76 Stat. 960

    Substituted · 26 U.S.C. § 179(d)(5)

    Pub. L. 87–834, § 13(c)(2)(A), substituted “section 167(h)” for “section 167(g)”

    Source evidence

    Code amendment note
    Subsec. (d)(5). Pub. L. 87–834, § 13(c)(2)(A), substituted “section 167(h)” for “section 167(g)”.

    Enacted provision · exact public law section
    (A) Sections 179(d)(5) and 642(e) are each amended by striking out “167(g)” and inserting in lieu thereof “167(h)”.

  3. Revenue Act of 1962

    Pub. L. 87–834 § 13(c)(2)(B) · 76 Stat. 960

    Substituted · 26 U.S.C. § 179(d)(8)

    Pub. L. 87–834, § 13(c)(2)(B), substituted “section 167(g)” for “section 167(f)”

    Source evidence

    Code amendment note
    Subsec. (d)(8). Pub. L. 87–834, § 13(c)(2)(B), substituted “section 167(g)” for “section 167(f)”.

    Enacted provision · exact public law section
    (B) Section 179(d)(8) is amended by striking out “167 (f)” and inserting in lieu thereof “167(g)”.

  4. Tax Reform Act of 1969

    Pub. L. 91–172 title IV § 401(f) · 83 Stat. 487

    1. Substituted · 26 U.S.C. § 179(d)

      Pub. L. 91–172 substituted reference to component members of a controlled group for reference to members of an affiliated group in pars. (2)(B) and (b)

    2. Substituted · 26 U.S.C. § 179(d)

      Pub. L. 91–172 substituted definition of controlled group for definition of affiliated group in par. (7)

    Source evidence

    Code amendment note
    Subsec. (d). Pub. L. 91–172 substituted reference to component members of a controlled group for reference to members of an affiliated group in pars. (2)(B) and (b), and substituted definition of controlled group for definition of affiliated group in par. (7).

    Enacted provision · exact public law section
    (f) Additional First-Year Depreciation.— Section 179(d) is amended— (1) by amending paragraph (2)(B) to read as follows: 72 Stat. 1679. “(B) the property is not acquired by one component member of a controlled group from another component member of the same controlled group, and”; and (2) by amending paragraphs (6) and (7) to read as follows: “(6) Dollar limitation of controlled group.— For purposes of subsection (b) of this section— “(A) all component members of a controlled group shall be treated as one taxpayer, and “(B) the Secretary or his delegate shall apportion the dollar limitation contained in such subsection (b) among the component members of such controlled group in such manner as he shall by regulations prescribe. “(7) Controlled group defined.— For purposes of paragraphs (2) and (6), the term ‘controlled group’ has the meaning assigned Ante, p. 602. to it by section 1563 (a); except that, for such purposes, the phrase ‘more than 50 percent’ shall be substituted for the phrase ‘at least 80 percent’ each place it appears in section 1563(a)(1).”

  5. Pub. L. 94–455 § 1906(b)(13)(A) · 90 Stat. 1520

    Struck · 26 U.S.C. § 179(c)(1); 26 U.S.C. § 179(c)(2); 26 U.S.C. § 179(d)(6)(B)

    Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”

    Source evidence

    Code amendment note
    Subsecs. (c)(1), (2), (d)(6)(B). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.

    Enacted provision · exact public law section
    (A) The Internal Revenue Code of 1954, as amended by this Act, is amended by striking out “Secretary or his delegate” each place it appears and inserting in lieu thereof “Secretary”.

  6. Pub. L. 94–455 § 213(a) · 90 Stat. 1520

    1. Added · 26 U.S.C. § 179(d)(8); 26 U.S.C. § 179(d)(9)

      Pub. L. 94–455, § 213(a), added par. (8)

    2. Redesignated · 26 U.S.C. § 179(d)(8); 26 U.S.C. § 179(d)(9)

      Pub. L. 94–455, § 213(a), redesignated former par. (8) as par. (9)

    Source evidence

    Code amendment note
    Subsec. (d)(8), (9). Pub. L. 94–455, § 213(a), added par. (8) and redesignated former par. (8) as par. (9).

    Enacted provision · exact public law section
    (a) Dollar Limitation With Respect to Additional First-Year Deprecation Allowance.— Subsection (d) of section 179 (relating to 26 USC 179. additional first-year depreciation allowance for small business) is amended by redesignating paragraph (8) as paragraph (9) and by inserting after paragraph (7) the following new paragraph: “(8) Dollar limitation in case of partnerships.— In the case of a partnership, the dollar limitation contained in the first sentence of subsection (b) shall apply with respect to the partnership and with respect to each partner.”

  7. Pub. L. 94–455 § 1906(b)(13)(A) · 90 Stat. 1520

    Struck · 26 U.S.C. § 179(e)

    Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”

    Source evidence

    Code amendment note
    Subsec. (e). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.

    Enacted provision · exact public law section
    (A) The Internal Revenue Code of 1954, as amended by this Act, is amended by striking out “Secretary or his delegate” each place it appears and inserting in lieu thereof “Secretary”.

  8. Economic Recovery Tax Act of 1981

    Pub. L. 97–34 title II § 202(a) · 95 Stat. 175

    Amended · 26 U.S.C. § 179

    Pub. L. 97–34 amended section generally, changing its content from provisions that formerly made available an additional first-year depreciation allowance for small businesses to provisions allowing a taxpayer to elect to treat the cost of section 179 property as an expense which is not chargeable to capital account, with any cost so treated to be allowed as a deduction for the taxable year in which the section 179 property is placed in service

    Source evidence

    Code amendment note
    Pub. L. 97–34 amended section generally, changing its content from provisions that formerly made available an additional first-year depreciation allowance for small businesses to provisions allowing a taxpayer to elect to treat the cost of section 179 property as an expense which is not chargeable to capital account, with any cost so treated to be allowed as a deduction for the taxable year in which the section 179 property is placed in service.

    Enacted provision · exact public law section
    (a) In General.— Section 179 (relating to additional first-year 26 USC 179. depreciation allowance for small business) is amended to read as follows: “SEC. 179. ELECTION TO EXPENSE CERTAIN DEPRECIABLE BUSINESS ASSETS. “(a) Treatment as Expenses.— A taxpayer may elect to treat the cost of any section 179 property 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 the section 179 property is placed in service. “(b) Dollar Limitation.— “(1) In general.— The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed the following applicable amount: “If the taxable year begins in: The applicable amount is:  1981 $0  1982 5,000  1983 5,000  1984 7,500  1985 7,500  1986 or thereafter 10,000. “(2) Married individuals filing separately.— In the case of a husband and wife filing separate returns for a taxable year, the applicable amount under paragraph (1) shall be equal to 50 percent of the amount otherwise determined under paragraph (1). “(c) Election.— “(1) In general.— An election under this section for any taxable year shall— “(A) specify the items of section 179 property to which the election applies and the portion of the cost of each of such items which is to be taken into account under subsection (a), and “(B) be made on the taxpayer’s return of the tax imposed by this chapter for the taxable year. Such election shall be made in such manner as the Secretary may by regulations prescribe. “(2) Election irrevocable.— Any election made under this section, and any specification contained in any such election, may not be revoked except with the consent of the Secretary. “(d) Definitions and Special Rules.— “(1) Section 179 property.— For purposes of this section, the term ‘section 179 property’ means any recovery property which is section 38 property and which is acquired by purchase for use in a trade or business. “(2) Purchase defined.— For purposes of paragraph (1), the term ‘purchase’ means any acquisition of property, but only if— “(A) the property is not acquired from a person whose relationship to the person acquiring it would result in the disallowance of losses under section 267 or 707(b) (but, in applying section 267 (b) and (c) for purposes of this section, paragraph (4) of section 267(c) shall be treated as providing that the family of an individual shall include only his spouse, ancestors, and lineal descendants), “(B) the property is not acquired by one component member of a controlled group from another component member of the same controlled group, and “(C) the basis of the property in the hands of the person acquiring it is not determined— “(i) in whole or in part by reference to the adjusted basis of such property in the hands of the person from whom acquired, or “(ii) under section 1014(a) (relating to property acquired from a decedent). “(3) Cost.— For purposes of this section, the cost of property does not include so much of the basis of such property as is determined by reference to the basis of other property held at any time by the person acquiring such property. “(4) Section not to apply to estates and trusts.— This section shall not apply to estates and trusts. “(5) Section not to apply to certain noncorporate lessors.— This section shall not apply to any section 179 property Post, p. 228. purchased by any person described in section 46(e)(3) unless the credit under section 38 is allowable with respect to such person for such property (determined without regard to this section). “(6) Dollar limitation of controlled group.— For purposes of subsection (b) of this section— “(A) all component members of a controlled group shall be treated as one taxpayer, and “(B) the Secretary shall apportion the dollar limitation contained in subsection (b)(1) among the component members of such controlled group in such manner as he shall by regulations prescribe. “(7) Controlled group defined.— For purposes of paragraphs (2) and (6), the term ‘controlled group’ has the meaning assigned to it by section 1563(a), except that, for such purposes, the phrase ‘more than 50 percent’ shall be substituted for the phrase ‘at least 80 percent’ each place it appears in section 1563(a)(1). “(8) Dollar limitation in case of partnerships.— In the case of a partnership, the dollar limitation contained in subsection (b)(1) shall apply with respect to the partnership and with respect to each partner. “(9) Coordination with section 38.— No credit shall be allowed under section 38 with respect to any amount for which a deduction is allowed under subsection (a).”

  9. Subchapter S Revision Act of 1982

    Pub. L. 97–354 § 3(f) · 96 Stat. 1669

    1. Substituted · 26 U.S.C. § 179(d)(8)

      Pub. L. 97–354 substituted “partnerships and S corporations” for “partnerships” in heading

    2. Inserted · 26 U.S.C. § 179(d)(8)

      Pub. L. 97–354 inserted “A similar rule shall apply in the case of an S corporation and its shareholders.”

    Source evidence

    Code amendment note
    Subsec. (d)(8). Pub. L. 97–354 substituted “partnerships and S corporations” for “partnerships” in heading, and inserted “A similar rule shall apply in the case of an S corporation and its shareholders.”

    Enacted provision · exact public law section
    (f) Election to Expense Certain Depreciable Business Assets (Section 179).— Paragraph (8) of section 179(d) (relating to dollar 95 Stat. 219. 26 USC 179. limitation in the case of partnerships) is amended— (1) by adding at the end thereof the following new sentence: “A similar rule shall apply in the case of an S corporation and its shareholders.”, and (2) by striking out “partnerships” in the paragraph heading and inserting in lieu thereof “partnerships and s corporations”.

  10. Pub. L. 97–448 title I § 102(aa) · 96 Stat. 2365

    Added · 26 U.S.C. § 179(d)(10)

    Pub. L. 97–448 added par. (10)

    Source evidence

    Code amendment note
    Subsec. (d)(10). Pub. L. 97–448 added par. (10).

    Enacted provision · exact public law section
    (aa) Amendment Related to Section 202.— Subsection (d) of section 95 Stat. 219. 26 USC 179. 179 (relating to election to expense certain business assets) is amended by adding at the end thereof of the following new paragraph: “(10) Recapture in certain cases.— The Secretary shall, by regulations, provide for recapturing the benefit under any deduction allowable under subsection (a) with respect to any property which is not used predominantly in a trade or business at any time before the close of the second taxable year following the taxable year in which it is placed in service by the taxpayer.”

  11. Tax Reform Act of 1984

    Pub. L. 98–369 div. A title I § 13 · 98 Stat. 494

    1. Amended · 26 U.S.C. § 179(b)(1)

      Pub. L. 98–369 amended table by dropping items setting applicable amounts of $0 for 1981 and $5,000 for 1982

    2. Substituted · 26 U.S.C. § 179(b)(1)

      Pub. L. 98–369 substituting an applicable amount of $5,000 for 1983, 1984, 1985, 1986, and 1987 for former table items which had set applicable amounts of $5,000 for 1983, $7,500 for 1984, $7,500 for 1985, and $10,000 for 1986 or thereafter

    3. Added · 26 U.S.C. § 179(b)(1)

      Pub. L. 98–369 added items setting applicable amounts of $7,500 for 1988 or 1989, and $10,000 for 1990 or thereafter

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 98–369 amended table by dropping items setting applicable amounts of $0 for 1981 and $5,000 for 1982, substituting an applicable amount of $5,000 for 1983, 1984, 1985, 1986, and 1987 for former table items which had set applicable amounts of $5,000 for 1983, $7,500 for 1984, $7,500 for 1985, and $10,000 for 1986 or thereafter, and added items setting applicable amounts of $7,500 for 1988 or 1989, and $10,000 for 1990 or thereafter.

    Enacted provision · exact public law section
    SEC. 13. ELECTION TO EXPENSE CERTAIN DEPRECIABLE BUSINESS ASSETS. Paragraph (1) of section 179(b) (relating to dollar limitation) is 26 USC 179. amended by striking out the table contained therein and inserting in lieu thereof the following: “If the taxable year begins in: The applicable amount is:  1983, 1984, 1985, 1986, or 1987 $5,000   1988 or 1989 7,500   1990 or thereafter 10,000. ”

  12. Tax Reform Act of 1986

    Pub. L. 99–514 § 202(a) · 100 Stat. 2085

    1. Changed · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in amending subsec. (b) generally

    2. Substituted · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in substituted “Limitations” for “Dollar limitation” a table specifying amounts for specific years

    3. Substituted · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in substituted “Dollar limitation” for “In general” a table specifying amounts for specific years

    4. Substituted · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in substituted “shall not exceed $10,000” for “shall not exceed the following applicable amount:” a table specifying amounts for specific years

    5. Added · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in added pars. (2) to (4)

    6. Struck · 26 U.S.C. § 179(b)

      Pub. L. 99–514, § 202(a), in struck out former par. (2) which read as follows: “In the case of a husband and wife filing separate returns for a taxable year, the applicable amount under paragraph (1) shall be equal to 50 percent of the amount otherwise determined under paragraph (1).”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 99–514, § 202(a), in amending subsec. (b) generally, substituted “Limitations” for “Dollar limitation” in heading, in par. (1) substituted as heading “Dollar limitation” for “In general” and in text “shall not exceed $10,000” for “shall not exceed the following applicable amount:” and a table specifying amounts for specific years, added pars. (2) to (4), and struck out former par. (2) which read as follows: “In the case of a husband and wife filing separate returns for a taxable year, the applicable amount under paragraph (1) shall be equal to 50 percent of the amount otherwise determined under paragraph (1).”

    Enacted provision · exact public law section
    (a) Limitations on Expensing.— Subsection (b) of section 179 (relating o election to expense certain depreciable assets) is amended to read as follows: “(b) Limitations.— “(1) Dollar limitation.— The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $10,000. “(2) Reduction in limitation.— The limitation under paragraph (1) for any taxable year shall be reduced (but not below zero) by the amount by which the cost of section 179 property placed in service during such taxable year exceeds $200,000. “(3) Limitation based on income from trade or business.— “(A) In general.— The aggregate cost of section 179 property taken into account under subsection (a) for any taxable year shall not exceed the aggregate amount of taxable income of the taxpayer for such taxable year which is derived from the active conduct by the taxpayer of any trade or business during such taxable year. “(B) Carryover of unused cost.— The amount of any cost which (but for subparagraph (A)) would have been allowed as a deduction under subsection (a) for any taxable year shall be carried to the succeeding taxable year and added to the amount allowable as a deduction under subsection (a) for such succeeding taxable year. “(C) Computation of taxable income.— For purposes of this paragraph, taxable income derived from the conduct of a trade or business shall be computed without regard to the cost of any section 179 property. “(4) Married individuals filing separately.— In the case of a husband and wife Filing separate returns for the taxable year— “(A) such individuals shall be treated as 1 taxpayer for purposes of paragraphs (1) and (2), and “(B) unless such individuals elect otherwise, 50 percent of the cost which may be taken into account under subsection (a) for such taxable year (before application of paragraph (3)) shall be allocated to each such individual.”

  13. Tax Reform Act of 1986

    Pub. L. 99–514 § 202(b) · 100 Stat. 2085

    Inserted · 26 U.S.C. § 179(d)(1)

    Pub. L. 99–514, § 202(b), inserted “in the active conduct of”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 99–514, § 202(b), inserted “in the active conduct of”.

    Enacted provision · exact public law section
    (b) Section 179 Property.— Paragraph (1) of section 179(d) (defining section 179 property) is amended by inserting “in the active conduct of” after “purchase for use”.

  14. Tax Reform Act of 1986

    Pub. L. 99–514 § 201(d)(3) · 100 Stat. 2085

    1. Substituted · 26 U.S.C. § 179(d)(8)

      Pub. L. 99–514, § 201(d)(3), substituted “Treatment of” for “Dollar limitation in case of” in heading

    2. Amended · 26 U.S.C. § 179(d)(8)

      Pub. L. 99–514, § 201(d)(3), amended text generally. Prior to amendment, text read as follows: “In the case of a partnership, the dollar limitation contained in subsection (b)(1) shall apply with respect to the partnership and with respect to each partner. A similar rule shall apply in the case of an S corporation and its shareholders.”

    Source evidence

    Code amendment note
    Subsec. (d)(8). Pub. L. 99–514, § 201(d)(3), substituted “Treatment of” for “Dollar limitation in case of” in heading and amended text generally. Prior to amendment, text read as follows: “In the case of a partnership, the dollar limitation contained in subsection (b)(1) shall apply with respect to the partnership and with respect to each partner. A similar rule shall apply in the case of an S corporation and its shareholders.”

    Enacted provision · exact public law section
    (3) Section 179.— Paragraph (8) of section 179(d) is amended to read as follows: “(8) Treatment of partnerships and s corporations.— In the case of a partnership, the limitations of subsection (b) shall apply with respect to the partnership and with respect to each partner. A similar rule shall apply in the case of an S corporation and its shareholders.”

  15. Tax Reform Act of 1986

    Pub. L. 99–514 § 202(c) · 100 Stat. 2085

    Struck · 26 U.S.C. § 179(d)(10)

    Pub. L. 99–514, § 202(c), struck out “before the close of the second taxable year following the taxable year in which it is placed in service by the taxpayer” after “at any time”

    Source evidence

    Code amendment note
    Subsec. (d)(10). Pub. L. 99–514, § 202(c), struck out “before the close of the second taxable year following the taxable year in which it is placed in service by the taxpayer” after “at any time”.

    Enacted provision · exact public law section
    (c) Recapture.— Section 179(d)(10) (relating to recapture in certain cases) is amended by striking out all that follows “at any time” and inserting in lieu thereof a period.

  16. Technical and Miscellaneous Revenue Act of 1988

    Pub. L. 100–647 § 1002(b)(1) · 102 Stat. 3342

    Amended · 26 U.S.C. § 179(b)(3)

    Pub. L. 100–647, § 1002(b)(1), amended par. (3) generally. Prior to amendment, par. (3) read as follows:

    Source evidence

    Code amendment note
    Subsec. (b)(3). Pub. L. 100–647, § 1002(b)(1), amended par. (3) generally. Prior to amendment, par. (3) read as follows:

    “(A) In general.—The aggregate cost of section 179 property taken into account under subsection (a) for any taxable year shall not exceed the aggregate amount of taxable income of the taxpayer for such taxable year which is derived from the active conduct by the taxpayer of any trade or business during such taxable year. “(B) Carryover of unused cost.—The amount of any cost which (but for subparagraph (A)) would have been allowed as a deduction under subsection (a) for any taxable year shall be carried to the succeeding taxable year and added to the amount allowable as a deduction under subsection (a) for such succeeding taxable year. “(C) Computation of taxable income.—For purposes of this paragraph, taxable income derived from the conduct of a trade or business shall be computed without regard to the cost of any section 179 property.”

    Enacted provision · exact public law section
    (1) Paragraph (3) of section 179(b) of the 1986 Code is amended to read as follows: “(3) Limitation based on income from trade or business.— “(A) In general.— The amount allowed as a deduction under subsection (a) for any taxable year (determined after the application of paragraphs (1) and (2)) shall not exceed the aggregate amount of taxable income of the taxpayer for such taxable year which is derived from the active conduct by the taxpayer of any trade or business during such tax-able year. “(B) Carryover of disallowed deduction.— The amount allowable as a deduction under subsection (a) for any tax-able year shall be increased by the lesser of— “(i) the aggregate amount disallowed under subparagraph (A) for all prior taxable years (to the extent not previously allowed as a deduction by reason of this subparagraph), or “(ii) the excess (if any) of— “(I) the limitation of paragraphs (1) and (2) (or if lesser, the aggregate amount of taxable income referred to in subparagraph (A)), over “(II) the amount allowable as a deduction under subsection (a) for such taxable year without regard to this subparagraph. “(C) Computation of taxable income.— For purposes of this paragraph, taxable income derived from the conduct of a trade or business shall be computed without regard to the deduction allowable under this section.”

  17. Technical and Miscellaneous Revenue Act of 1988

    Pub. L. 100–647 § 1002(a)(19) · 102 Stat. 3342

    Substituted · 26 U.S.C. § 179(d)(1)

    Pub. L. 100–647, § 1002(a)(19), substituted “tangible property (to which section 168 applies)” for “recovery property”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 100–647, § 1002(a)(19), substituted “tangible property (to which section 168 applies)” for “recovery property”.

    Enacted provision · exact public law section
    (19) Paragraph (1) of section 179(d) of the 1986 Code is amended by striking out “recovery property” and inserting in lieu thereof “tangible property (to which section 168 applies)”.

  18. Revenue Reconciliation Act of 1990

    Pub. L. 101–508 § 11813(b)(11)(A) · 104 Stat. 1388

    Substituted · 26 U.S.C. § 179(d)(1)

    Pub. L. 101–508, § 11813(b)(11)(A), substituted “section 1245 property (as defined in section 1245(a)(3))” for “section 38 property”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 101–508, § 11813(b)(11)(A), substituted “section 1245 property (as defined in section 1245(a)(3))” for “section 38 property”.

    Enacted provision · exact public law section
    (A) Paragraph (1) of section 179(d) is amended by striking “section 38 property” and inserting “section 1245 property (as defined in section 1245(a)(3))”.

  19. Revenue Reconciliation Act of 1990

    Pub. L. 101–508 § 11813(b)(11)(B) · 104 Stat. 1388

    Amended · 26 U.S.C. § 179(d)(5)

    Pub. L. 101–508, § 11813(b)(11)(B), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “This section shall not apply to any section 179 property purchased by any person described in section 46(e)(3) unless the credit under section 38 is allowable with respect to such person for such property (determined without regard to this section).”

    Source evidence

    Code amendment note
    Subsec. (d)(5). Pub. L. 101–508, § 11813(b)(11)(B), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “This section shall not apply to any section 179 property purchased by any person described in section 46(e)(3) unless the credit under section 38 is allowable with respect to such person for such property (determined without regard to this section).”

    Enacted provision · exact public law section
    (B) Paragraph (5) of section 179(d) is amended to read as follows: “(5) Section not to apply to certain noncorporate lessors.— This section shall not apply to any section 179 property which is purchased by a person who is not a corporation and with respect to which such person is the lessor unless— “(A) the property subject to the lease has been manufactured or produced by the lessor, or “(B) the term of the lease (taking into account options to renew) is less than 50 percent of the class life of the property (as defined in section 168U)(1)), and for the period consisting of the first 12 months after the date on which the property is transferred to the lessee the sum of the deductions with respect to such property which are allowable to the lessor solely by reason of section 162 (other than rents and reimbursed amounts with respect to such property) exceeds 15 percent of the rental income produced by such property.”

  20. Revenue Reconciliation Act of 1993

    Pub. L. 103–66 title XIII § 13116(a) · 107 Stat. 312

    Substituted · 26 U.S.C. § 179(b)(1)

    Pub. L. 103–66 substituted “$17,500” for “$10,000”

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 103–66 substituted “$17,500” for “$10,000”.

    Enacted provision · exact public law section
    (a) General Rule.— Paragraph (1) of section 179(b) (relating to dollar limitation) is amended by striking “$10,000” and inserting “$17,500”.

  21. Small Business Job Protection Act of 1996

    Pub. L. 104–188 § 1111(a) · 110 Stat. 1755

    Amended · 26 U.S.C. § 179(b)(1)

    Pub. L. 104–188, § 1111(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $17,500.”

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 104–188, § 1111(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $17,500.”

    Enacted provision · exact public law section
    (a) General Rule.— Paragraph (1) of section 179(b) (relating to dollar limitation) is amended to read as follows: “(1) Dollar limitation.— The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed the following applicable amount: “If the taxable year begins in: The applicable amount is: 1997 18,000 1998 18,500 1999 19,000 2000 20,000 2001 or 2002 24,000 2003 or thereafter 25,000.”.

  22. Small Business Job Protection Act of 1996

    Pub. L. 104–188 § 1702(h)(10) · 110 Stat. 1755

    Struck · 26 U.S.C. § 179(d)(1)

    Pub. L. 104–188, § 1702(h)(10), struck out “in” before “a trade or business”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 104–188, § 1702(h)(10), struck out “in” before “a trade or business”.

    Enacted provision · exact public law section
    (10) Paragraph (1) of section 179(d) is amended by striking “in a trade or business” and inserting “a trade or business”.

  23. Small Business Job Protection Act of 1996

    Pub. L. 104–188 § 1702(h)(19) · 110 Stat. 1755

    Inserted · 26 U.S.C. § 179(d)(1)

    Pub. L. 104–188, § 1702(h)(19), inserted at end “Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 104–188, § 1702(h)(19), inserted at end “Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

    Enacted provision · exact public law section
    (19) Paragraph (1) of section 179(d) is amended by adding at the end the following new sentence: “Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”.

  24. Pub. L. 108–27 § 202(a) · 117 Stat. 752

    Amended · 26 U.S.C. § 179(b)(1)

    Pub. L. 108–27, § 202(a), reenacted heading without change and amended text generally. Prior to amendment, par. (1) contained a table specifying the maximum amounts for taxable years 1997 to 2003 and thereafter which could be taken into account as the aggregate costs under subsec. (a)

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 108–27, § 202(a), reenacted heading without change and amended text generally. Prior to amendment, par. (1) contained a table specifying the maximum amounts for taxable years 1997 to 2003 and thereafter which could be taken into account as the aggregate costs under subsec. (a).

    Enacted provision · exact public law section
    (a) In General.— Paragraph (1) of section 179(b) (relating to dollar limitation) is amended to read as follows: “(1) Dollar limitation.— The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $25,000 ($100,000 in the case of taxable years beginning after 2002 and before 2006).” .

  25. Pub. L. 108–27 § 202(b) · 117 Stat. 752

    Inserted · 26 U.S.C. § 179(b)(2)

    Pub. L. 108–27, § 202(b), inserted “($400,000 in the case of taxable years beginning after 2002 and before 2006)” after “$200,000”

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 108–27, § 202(b), inserted “($400,000 in the case of taxable years beginning after 2002 and before 2006)” after “$200,000”.

    Enacted provision · exact public law section
    (b) Increase in Qualifying Investment at Which Phaseout Begins.— Paragraph (2) of section 179(b) (relating to reduction in limitation) is amended by inserting “($400,000 in the case of taxable years beginning after 2002 and before 2006)” after “$200,000”.

  26. Pub. L. 108–27 § 202(d) · 117 Stat. 752

    Added · 26 U.S.C. § 179(b)(5)

    Pub. L. 108–27, § 202(d), added par. (5)

    Source evidence

    Code amendment note
    Subsec. (b)(5). Pub. L. 108–27, § 202(d), added par. (5).

    Enacted provision · exact public law section
    (d) Adjustment of Dollar Limit and Phaseout Threshold for Inflation.— Subsection (b) of section 179 (relating to limitations) is amended by adding at the end the following new paragraph: “(5) Inflation adjustments.— “(A) In general.— In the case of any taxable year beginning in a calendar year after 2003 and before 2006, the $100,000 and $400,000 amounts in paragraphs (1) and (2) shall each be increased by an amount equal to— “(i) such dollar amount, multiplied by “(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 2002’ for ‘calendar year 1992’ in subparagraph (B) thereof. “(B) Rounding.— “(i) Dollar limitation.— If the amount in paragraph (1) as increased under subparagraph (A) is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000. “(ii) Phaseout amount.— If the amount in paragraph (2) as increased under subparagraph (A) is not a multiple of $10,000, such amount shall be rounded to the nearest multiple of $10,000.” .

  27. Pub. L. 108–27 § 202(e) · 117 Stat. 752

    Inserted · 26 U.S.C. § 179(c)(2)

    Pub. L. 108–27, § 202(e), inserted at end “Any such election or specification with respect to any taxable year beginning after 2002 and before 2006 may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 108–27, § 202(e), inserted at end “Any such election or specification with respect to any taxable year beginning after 2002 and before 2006 may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.”

    Enacted provision · exact public law section
    (e) Revocation of Election.— Paragraph (2) 26 USC 179. of section 179(c) (relating to election irrevocable) is amended by adding at the end the following new sentence: “Any such election or specification with respect to any taxable year beginning after 2002 and before 2006 may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.”.

  28. Pub. L. 108–27 § 202(c) · 117 Stat. 752

    Amended · 26 U.S.C. § 179(d)(1)

    Pub. L. 108–27, § 202(c), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “For purposes of this section, the term ‘section 179 property’ means any tangible property (to which section 168 applies) which is section 1245 property (as defined in section 1245(a)(3)) and which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 108–27, § 202(c), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “For purposes of this section, the term ‘section 179 property’ means any tangible property (to which section 168 applies) which is section 1245 property (as defined in section 1245(a)(3)) and which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

    Enacted provision · exact public law section
    (c) Off-the-Shelf Computer Software.— Paragraph (1) of section 179(d) (defining section 179 property) is amended to read as follows: “(1) Section 179 property.— For purposes of this section, the term ‘section 179 property’ means property— “(A) which is— “(i) tangible property (to which section 168 applies), or “(ii) computer software (as defined in section 197(e)(3)(B)) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2006, “(B) which is section 1245 property (as defined in section 1245(a)(3)), and “(C) which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.” .

  29. Pub. L. 108–357 § 201 · 118 Stat. 1418

    Substituted · 26 U.S.C. § 179(b)(1); 26 U.S.C. § 179(b)(2); 26 U.S.C. § 179(5)(A)

    Pub. L. 108–357, § 201, substituted “2008” for “2006”

    Source evidence

    Code amendment note
    Subsec. (b)(1), (2), (5)(A). Pub. L. 108–357, § 201, substituted “2008” for “2006”.

    Enacted provision · exact public law section
    SEC. 201. 2-YEAR EXTENSION OF INCREASED EXPENSING FOR SMALL BUSINESS.   Subsections (b), (c), and (d) of section 179 are each amended by striking “2006” each place it appears and inserting “2008”.

  30. Pub. L. 108–357 § 910(a) · 118 Stat. 1418

    Added · 26 U.S.C. § 179(b)(6)

    Pub. L. 108–357, § 910(a), added par. (6)

    Source evidence

    Code amendment note
    Subsec. (b)(6). Pub. L. 108–357, § 910(a), added par. (6).

    Enacted provision · exact public law section
    (a) In General.— Section 179(b) (relating to limitations) is amended by adding at the end the following new paragraph: “(6) Limitation on cost taken into account for certain passenger vehicles.— “(A) In general.— The cost of any sport utility vehicle for any taxable year which may be taken into account under this section shall not exceed $25,000. “(B) Sport utility vehicle.— For purposes of subparagraph (A)— “(i) In general.— The term ‘sport utility vehicle’ means any 4-wheeled vehicle— “(I) which is primarily designed or which can be used to carry passengers over public streets, roads, or highways (except any vehicle operated exclusively on a rail or rails), “(II) which is not subject to section 280F, and “(III) which is rated at not more than 14,000 pounds gross vehicle weight. “(ii) Certain vehicles excluded.— Such term does not include any vehicle which— “(I) is designed to have a seating capacity of more than 9 persons behind the driver’s seat, “(II) is equipped with a cargo area of at least 6 feet in interior length which is an open area or is designed for use as an open area but is enclosed by a cap and is not readily accessible directly from the passenger compartment, or “(III) has an integral enclosure, fully enclosing the driver compartment and load carrying device, does not have seating rearward of the driver’s seat, and has no body section protruding more than 30 inches ahead of the leading edge of the windshield.” .

  31. Pub. L. 108–357 § 201 · 118 Stat. 1418

    Substituted · 26 U.S.C. § 179(c)(2); 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 108–357, § 201, substituted “2008” for “2006”

    Source evidence

    Code amendment note
    Subsecs. (c)(2), (d)(1)(A)(ii). Pub. L. 108–357, § 201, substituted “2008” for “2006”.

    Enacted provision · exact public law section
    SEC. 201. 2-YEAR EXTENSION OF INCREASED EXPENSING FOR SMALL BUSINESS.   Subsections (b), (c), and (d) of section 179 are each amended by striking “2006” each place it appears and inserting “2008”.

  32. Pub. L. 109–222 title I § 101 · 120 Stat. 345

    Substituted · 26 U.S.C. § 179(b)(1); 26 U.S.C. § 179(b)(2); 26 U.S.C. § 179(5)(A); 26 U.S.C. § 179(c)(2); 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 109–222 substituted “2010” for “2008”

    Source evidence

    Code amendment note
    Subsecs. (b)(1), (2), (5)(A), (c)(2), (d)(1)(A)(ii). Pub. L. 109–222 substituted “2010” for “2008”.

    Enacted provision · exact public law section
    SEC. 101. INCREASED EXPENSING FOR SMALL BUSINESS.   Subsections (b)(1), (b)(2), (b)(5), (c)(2), and (d)(1)(A)(ii) of section 179 (relating to 26 USC 179. election to expense certain depreciable business assets) are each amended by striking “2008” and inserting “2010”.

  33. Small Business and Work Opportunity Tax Act of 2007

    Pub. L. 110–28 § 8212(a) · 121 Stat. 112

    1. Substituted · 26 U.S.C. § 179(b)(1)

      Pub. L. 110–28, § 8212(a), (b)(1), substituted “$125,000 in the case of taxable years beginning after 2006” for “$100,000 in the case of taxable years beginning after 2002”

    2. Substituted · 26 U.S.C. § 179(b)(1)

      Pub. L. 110–28, § 8212(a), (b)(1), substituted “2011” for “2010”

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 110–28, § 8212(a), (b)(1), substituted “$125,000 in the case of taxable years beginning after 2006” for “$100,000 in the case of taxable years beginning after 2002” and “2011” for “2010”.

    Enacted provision · exact public law section
    (a) Extension.— Subsections (b)(1), (b)(2), (b)(5), (c)(2), and (d)(1)(A)(ii) of section 179 26 USC 179. (relating to election to expense certain depreciable business assets) are each amended by striking “2010” and inserting “2011”.

  34. Small Business and Work Opportunity Tax Act of 2007

    Pub. L. 110–28 § 8212(a) · 121 Stat. 112

    1. Substituted · 26 U.S.C. § 179(b)(2)

      Pub. L. 110–28, § 8212(a), (b)(2), substituted “$500,000 in the case of taxable years beginning after 2006” for “$400,000 in the case of taxable years beginning after 2002”

    2. Substituted · 26 U.S.C. § 179(b)(2)

      Pub. L. 110–28, § 8212(a), (b)(2), substituted “2011” for “2010”

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 110–28, § 8212(a), (b)(2), substituted “$500,000 in the case of taxable years beginning after 2006” for “$400,000 in the case of taxable years beginning after 2002” and “2011” for “2010”.

    Enacted provision · exact public law section
    (a) Extension.— Subsections (b)(1), (b)(2), (b)(5), (c)(2), and (d)(1)(A)(ii) of section 179 26 USC 179. (relating to election to expense certain depreciable business assets) are each amended by striking “2010” and inserting “2011”.

  35. Small Business and Work Opportunity Tax Act of 2007

    Pub. L. 110–28 § 8212(a) · 121 Stat. 112

    1. Substituted · 26 U.S.C. § 179(b)(5)(A)

      Pub. L. 110–28, § 8212(a), (c)(1), (2), in introductory provisions, substituted “2007” for “2003”

    2. Substituted · 26 U.S.C. § 179(b)(5)(A)

      Pub. L. 110–28, § 8212(a), (c)(1), (2), in introductory provisions, substituted “2011” for “2010”

    3. Substituted · 26 U.S.C. § 179(b)(5)(A)

      Pub. L. 110–28, § 8212(a), (c)(1), (2), in introductory provisions, substituted “$125,000 and $500,000” for “$100,000 and $400,000”

    Source evidence

    Code amendment note
    Subsec. (b)(5)(A). Pub. L. 110–28, § 8212(a), (c)(1), (2), in introductory provisions, substituted “2007” for “2003”, “2011” for “2010”, and “$125,000 and $500,000” for “$100,000 and $400,000”.

    Enacted provision · exact public law section
    (a) Extension.— Subsections (b)(1), (b)(2), (b)(5), (c)(2), and (d)(1)(A)(ii) of section 179 26 USC 179. (relating to election to expense certain depreciable business assets) are each amended by striking “2010” and inserting “2011”.

  36. Small Business and Work Opportunity Tax Act of 2007

    Pub. L. 110–28 § 8212(c)(3) · 121 Stat. 112

    Substituted · 26 U.S.C. § 179(b)(5)(A)(ii)

    Pub. L. 110–28, § 8212(c)(3), substituted “2006” for “2002”

    Source evidence

    Code amendment note
    Subsec. (b)(5)(A)(ii). Pub. L. 110–28, § 8212(c)(3), substituted “2006” for “2002”.

    Enacted provision · exact public law section
    (3) by striking “2002” in clause (ii) and inserting “2006”.

  37. Small Business and Work Opportunity Tax Act of 2007

    Pub. L. 110–28 § 8212(a) · 121 Stat. 112

    Substituted · 26 U.S.C. § 179(c)(2); 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 110–28, § 8212(a), substituted “2011” for “2010”

    Source evidence

    Code amendment note
    Subsecs. (c)(2), (d)(1)(A)(ii). Pub. L. 110–28, § 8212(a), substituted “2011” for “2010”.

    Enacted provision · exact public law section
    (a) Extension.— Subsections (b)(1), (b)(2), (b)(5), (c)(2), and (d)(1)(A)(ii) of section 179 26 USC 179. (relating to election to expense certain depreciable business assets) are each amended by striking “2010” and inserting “2011”.

  38. Economic Stimulus Act of 2008

    Pub. L. 110–185 title I § 102(a) · 122 Stat. 613

    Added · 26 U.S.C. § 179(b)(7)

    Pub. L. 110–185 added par. (7)

    Source evidence

    Code amendment note
    Subsec. (b)(7). Pub. L. 110–185 added par. (7).

    Enacted provision · exact public law section
    (a) In General.— Subsection (b) of section 179 of the Internal Revenue Code of 1986 26 USC 179. (relating to limitations) is amended by adding at the end the following new paragraph: “(7) Increase in limitations for 2008.— In the case of any taxable year beginning in 2008— “(A) the dollar limitation under paragraph (1) shall be $250,000, “(B) the dollar limitation under paragraph (2) shall be $800,000, and “(C) the amounts described in subparagraphs (A) and (B) shall not be adjusted under paragraph (5).” .

  39. Tax Extenders and Alternative Minimum Tax Relief Act of 2008

    Pub. L. 110–343 div. C title VII § 711(a) · 122 Stat. 3765

    Added · 26 U.S.C. § 179(e)

    Pub. L. 110–343 added subsec. (e)

    Source evidence

    Code amendment note
    Subsec. (e). Pub. L. 110–343 added subsec. (e).

    Enacted provision · exact public law section
    (a) In General.— Section 179 26 USC 179. is amended by adding at the end the following new subsection: “(e) Special Rules for Qualified Disaster Assistance Property.— “(1) In general.— For purposes of this section— “(A) the dollar amount in effect under subsection (b)(1) for the taxable year shall be increased by the lesser of— “(i) $100,000, or “(ii) the cost of qualified section 179 disaster assistance property placed in service during the taxable year, and “(B) the dollar amount in effect under subsection (b)(2) for the taxable year shall be increased by the lesser of— “(i) $600,000, or “(ii) the cost of qualified section 179 disaster assistance property placed in service during the taxable year. “(2) Qualified section 179 disaster assistance property.— For purposes of this subsection, the term ‘qualified section 179 disaster assistance property’ means section 179 property (as defined in subsection (d)) which is qualified disaster assistance property (as defined in section 168(n)(2)). “(3) Coordination with empowerment zones and renewal communities.— For purposes of sections 1397A and 1400J, qualified section 179 disaster assistance property shall not be treated as qualified zone property or qualified renewal property, unless the taxpayer elects not to take such qualified section 179 disaster assistance property into account for purposes of this subsection. “(4) Recapture.— For purposes of this subsection, rules similar to the rules under subsection (d)(10) shall apply with respect to any qualified section 179 disaster assistance property which ceases to be qualified section 179 disaster assistance property.” .

  40. American Recovery and Reinvestment Act of 2009

    Pub. L. 111–5 div. B title I § 1202(a) · 123 Stat. 115

    1. Substituted · 26 U.S.C. § 179(b)(7)

      Pub. L. 111–5 substituted “2008, and 2009” for “2008” in introductory provisions

    2. Substituted · 26 U.S.C. § 179(b)(7)

      Pub. L. 111–5 substituted “2008, or 2009” for “2008” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (b)(7). Pub. L. 111–5 substituted “2008, and 2009” for “2008” in heading and “2008, or 2009” for “2008” in introductory provisions.

    Enacted provision · exact public law section
    (a) Loan Limit Floor Based on 2008 Levels.— For mortgages for which the mortgagee issues credit approval for the borrower during calendar year 2009, if the dollar amount limitation on the principal obligation of a mortgage determined under section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) for any size residence for any area is less than such dollar amount limitation that was in effect for such size residence for such area for 2008 pursuant to section 202 of the Economic Stimulus Act of 2008 (Public Law 110–185; 122 Stat. 620), notwithstanding any other provision of law, the maximum dollar amount limitation on the principal obligation of a mortgage for such size residence for such area for purposes of such section 203(b)(2) shall be considered (except for purposes of section 255(g) of such Act (12 U.S.C. 1715z–20(g))) to be such dollar amount limitation in effect for such size residence for such area for 2008.

  41. Hiring Incentives to Restore Employment Act

    Pub. L. 111–147 § 201(a)(1) · 124 Stat. 71

    Substituted · 26 U.S.C. § 179(b)(1)

    Pub. L. 111–147, § 201(a)(1), substituted “($250,000 in the case of taxable years beginning after 2007 and before 2011)” for “($125,000 in the case of taxable years beginning after 2006 and before 2011)”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 111–147, § 201(a)(1), substituted “($250,000 in the case of taxable years beginning after 2007 and before 2011)” for “($125,000 in the case of taxable years beginning after 2006 and before 2011)”.

    Enacted provision · exact public law section
    (1) by striking “($125,000 in the case of taxable years beginning after 2006 and before 2011)” in paragraph (1) and inserting “($250,000 in the case of taxable years beginning after 2007 and before 2011)”,

  42. Hiring Incentives to Restore Employment Act

    Pub. L. 111–147 § 201(a)(2) · 124 Stat. 71

    Substituted · 26 U.S.C. § 179(b)(2)

    Pub. L. 111–147, § 201(a)(2), substituted “($800,000 in the case of taxable years beginning after 2007 and before 2011)” for “($500,000 in the case of taxable years beginning after 2006 and before 2011)”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 111–147, § 201(a)(2), substituted “($800,000 in the case of taxable years beginning after 2007 and before 2011)” for “($500,000 in the case of taxable years beginning after 2006 and before 2011)”.

    Enacted provision · exact public law section
    (2) by striking “($500,000 in the case of taxable years beginning after 2006 and before 2011)” in paragraph (2) and inserting “($800,000 in the case of taxable years beginning after 2007 and before 2011)”,

  43. Hiring Incentives to Restore Employment Act

    Pub. L. 111–147 § 201(a)(3) · 124 Stat. 71

    1. Redesignated · 26 U.S.C. § 179(b)(5)

      Pub. L. 111–147, § 201(a)(3), (4), redesignated par. (6) as (5)

    2. Struck · 26 U.S.C. § 179(b)(5)

      Pub. L. 111–147, § 201(a)(3), (4), struck out former par. (5) which related to inflation adjustments

    Source evidence

    Code amendment note
    Subsec. (b)(5). Pub. L. 111–147, § 201(a)(3), (4), redesignated par. (6) as (5) and struck out former par. (5) which related to inflation adjustments.

    Enacted provision · exact public law section
    (3) by striking paragraphs (5) and (7), and

  44. Hiring Incentives to Restore Employment Act

    Pub. L. 111–147 § 201(a)(4) · 124 Stat. 71

    Redesignated · 26 U.S.C. § 179(b)(6)

    Pub. L. 111–147, § 201(a)(4), redesignated par. (6) as (5)

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 111–147, § 201(a)(4), redesignated par. (6) as (5).

    Enacted provision · exact public law section
    (4) by redesignating paragraph (6) as paragraph (5).

  45. Hiring Incentives to Restore Employment Act

    Pub. L. 111–147 § 201(a)(3) · 124 Stat. 71

    Struck · 26 U.S.C. § 179(b)(7)

    Pub. L. 111–147, § 201(a)(3), struck out par. (7) which related to increase in limitations for 2008 and 2009

    Source evidence

    Code amendment note
    Subsec. (b)(7). Pub. L. 111–147, § 201(a)(3), struck out par. (7) which related to increase in limitations for 2008 and 2009.

    Enacted provision · exact public law section
    (3) by striking paragraphs (5) and (7), and

  46. Creating Small Business Jobs Act of 2010

    Pub. L. 111–240 § 2021(a)(1) · 124 Stat. 2504

    1. Substituted · 26 U.S.C. § 179(b)(1)

      Pub. L. 111–240, § 2021(a)(1), substituted “shall not exceed—” for “shall not exceed $25,000 ($250,000 in the case of taxable years beginning after 2007 and before 2011).”

    2. Added · 26 U.S.C. § 179(b)(1)

      Pub. L. 111–240, § 2021(a)(1), added subpars. (A) to (C)

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 111–240, § 2021(a)(1), substituted “shall not exceed—” for “shall not exceed $25,000 ($250,000 in the case of taxable years beginning after 2007 and before 2011).” and added subpars. (A) to (C).

    Enacted provision · exact public law section
    (1) by striking “shall not exceed” and all that follows in paragraph (1) and inserting “shall not exceed— “(A) $250,000 in the case of taxable years beginning after 2007 and before 2010, “(B) $500,000 in the case of taxable years beginning in 2010 or 2011, and “(C) $25,000 in the case of taxable years beginning after 2011.” , and

  47. Creating Small Business Jobs Act of 2010

    Pub. L. 111–240 § 2021(a)(2) · 124 Stat. 2504

    1. Substituted · 26 U.S.C. § 179(b)(2)

      Pub. L. 111–240, § 2021(a)(2), substituted “exceeds—” for “exceeds $200,000 ($800,000 in the case of taxable years beginning after 2007 and before 2011).”

    2. Added · 26 U.S.C. § 179(b)(2)

      Pub. L. 111–240, § 2021(a)(2), added subpars. (A) to (C)

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 111–240, § 2021(a)(2), substituted “exceeds—” for “exceeds $200,000 ($800,000 in the case of taxable years beginning after 2007 and before 2011).” and added subpars. (A) to (C).

    Enacted provision · exact public law section
    (2) by striking “exceeds” and all that follows in paragraph (2) and inserting “exceeds— “(A) $800,000 in the case of taxable years beginning after 2007 and before 2010, “(B) $2,000,000 in the case of taxable years beginning in 2010 or 2011, and “(C) $200,000 in the case of taxable years beginning after 2011.” .

  48. Creating Small Business Jobs Act of 2010

    Pub. L. 111–240 § 2021(c) · 124 Stat. 2504

    Substituted · 26 U.S.C. § 179(c)(2)

    Pub. L. 111–240, § 2021(c), substituted “2012” for “2011”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 111–240, § 2021(c), substituted “2012” for “2011”.

    Enacted provision · exact public law section
    (c) Revocability of Election.— Paragraph (2) of section 179(c) of the Internal Revenue Code of 1986 26 USC 179. is amended by striking “2011” and inserting “2012”.

  49. Creating Small Business Jobs Act of 2010

    Pub. L. 111–240 § 2021(d) · 124 Stat. 2504

    Substituted · 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 111–240, § 2021(d), substituted “2012” for “2011”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 111–240, § 2021(d), substituted “2012” for “2011”.

    Enacted provision · exact public law section
    (d) Computer Software Treated as 179 Property.— Clause (ii) of section 179(d)(1)(A) is amended by striking “2011” and inserting “2012”.

  50. Creating Small Business Jobs Act of 2010

    Pub. L. 111–240 § 2021(b) · 124 Stat. 2504

    Added · 26 U.S.C. § 179(f)

    Pub. L. 111–240, § 2021(b), added subsec. (f)

    Source evidence

    Code amendment note
    Subsec. (f). Pub. L. 111–240, § 2021(b), added subsec. (f).

    Enacted provision · exact public law section
    (b) Inclusion of Certain Real Property.— Section 179 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: “(f) Special Rules for Qualified Real Property.— “(1) In general.— If a taxpayer elects the application of this subsection for any taxable year beginning in 2010 or 2011, the term ‘section 179 property’ shall include any qualified real property which is— “(A) of a character subject to an allowance for depreciation, “(B) acquired by purchase for use in the active conduct of a trade or business, and “(C) not described in the last sentence of subsection (d)(1). “(2) Qualified real property.— For purposes of this subsection, the term ‘qualified real property’ means— “(A) qualified leasehold improvement property described in section 168(e)(6), “(B) qualified restaurant property described in section 168(e)(7) (without regard to the dates specified in subparagraph (A)(i) thereof), and “(C) qualified retail improvement property described in section 168(e)(8) (without regard to subparagraph (E) thereof). “(3) Limitation.— For purposes of applying the limitation under subsection (b)(1)(B), not more than $250,000 of the aggregate cost which is taken into account under subsection (a) for any taxable year may be attributable to qualified real property. “(4) Carryover limitation.— “(A) In general.— Notwithstanding subsection (b)(3)(B), no amount attributable to qualified real property may be carried over to a taxable year beginning after 2011. “(B) Treatment of disallowed amounts.— Except as provided in subparagraph (C), to the extent that any amount is not allowed to be carried over to a taxable year beginning after 2011 by reason of subparagraph (A), this title shall be applied as if no election under this section had been made with respect to such amount. “(C) Amounts carried over from 2010.— If subparagraph (B) applies to any amount (or portion of an amount) which is carried over from a taxable year other than the taxpayer’s last taxable year beginning in 2011, such amount (or portion of an amount) shall be treated for purposes of this title as attributable to property placed in service on the first day of the taxpayer’s last taxable year beginning in 2011. “(D) Allocation of amounts.— For purposes of applying this paragraph and subsection (b)(3)(B) to any taxable year, the amount which is disallowed under subsection (b)(3)(A) for such taxable year which is attributed to qualified real property shall be the amount which bears the same ratio to the total amount so disallowed as— “(i) the aggregate amount attributable to qualified real property placed in service during such taxable year, increased by the portion of any amount carried over to such taxable year from a prior taxable year which is attributable to such property, bears to “(ii) the total amount of section 179 property placed in service during such taxable year, increased by the aggregate amount carried over to such taxable year from any prior taxable year. For purposes of the preceding sentence, only section 179 property with respect to which an election was made under subsection (c)(1) (determined without regard to subparagraph (B) of this paragraph) shall be taken into account.” .

  51. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 402(a) · 124 Stat. 3296

    1. Added · 26 U.S.C. § 179(b)(1)(C); 26 U.S.C. § 179(b)(1)(D)

      Pub. L. 111–312, § 402(a), added subpars. (C) and (D)

    2. Struck · 26 U.S.C. § 179(b)(1)(C); 26 U.S.C. § 179(b)(1)(D)

      Pub. L. 111–312, § 402(a), struck out former subpar. (C), which read as follows: “$25,000 in the case of taxable years beginning after 2011.”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(C), (D). Pub. L. 111–312, § 402(a), added subpars. (C) and (D) and struck out former subpar. (C), which read as follows: “$25,000 in the case of taxable years beginning after 2011.”

    Enacted provision · exact public law section
    (a) Dollar Limitation.— Section 179(b)(1) is amended by striking “and” at the end of subparagraph (B) and by striking subparagraph (C) and inserting the following new subparagraphs: “(C) $125,000 in the case of taxable years beginning in 2012, and “(D) $25,000 in the case of taxable years beginning after 2012.” .

  52. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 402(b) · 124 Stat. 3296

    1. Added · 26 U.S.C. § 179(b)(2)(C); 26 U.S.C. § 179(b)(2)(D)

      Pub. L. 111–312, § 402(b), added subpars. (C) and (D)

    2. Struck · 26 U.S.C. § 179(b)(2)(C); 26 U.S.C. § 179(b)(2)(D)

      Pub. L. 111–312, § 402(b), struck out former subpar. (C), which read as follows: “$200,000 in the case of taxable years beginning after 2011.”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(C), (D). Pub. L. 111–312, § 402(b), added subpars. (C) and (D) and struck out former subpar. (C), which read as follows: “$200,000 in the case of taxable years beginning after 2011.”

    Enacted provision · exact public law section
    (b) Reduction in Limitation.— Section 179(b)(2) is amended by striking “and” at the end of subparagraph (B) and by striking subparagraph (C) and inserting the following new subparagraphs: “(C) $500,000 in the case of taxable years beginning in 2012, and “(D) $200,000 in the case of taxable years beginning after 2012.” .

  53. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 402(c) · 124 Stat. 3296

    Added · 26 U.S.C. § 179(b)(6)

    Pub. L. 111–312, § 402(c), added par. (6)

    Source evidence

    Code amendment note
    Subsec. (b)(6). Pub. L. 111–312, § 402(c), added par. (6).

    Enacted provision · exact public law section
    (c) Inflation Adjustment.— Subsection (b) of section 179 is amended by adding at the end the following new paragraph: “(6) Inflation adjustment.— “(A) In general.— In the case of any taxable year beginning in calendar year 2012, the $125,000 and $500,000 amounts in paragraphs (1)(C) and (2)(C) shall each be increased by an amount equal to— “(i) such dollar amount, multiplied by “(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, by substituting ‘calendar year 2006’ for ‘calendar year 1992’ in subparagraph (B) thereof. “(B) Rounding.— “(i) Dollar limitation.— If the amount in paragraph (1) as increased under subparagraph (A) is not a multiple of $1,000, such amount shall be rounded to the nearest multiple of $1,000. “(ii) Phaseout amount.— If the amount in paragraph (2) as increased under subparagraph (A) is not a multiple of $10,000, such amount shall be rounded to the nearest multiple of $10,000.” .

  54. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 402(e) · 124 Stat. 3296

    Substituted · 26 U.S.C. § 179(c)(2)

    Pub. L. 111–312, § 402(e), substituted “2013” for “2012”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 111–312, § 402(e), substituted “2013” for “2012”.

    Enacted provision · exact public law section
    (e) Conforming Amendment.— Section 179(c)(2) is amended by striking “2012” and inserting “2013”.

  55. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 402(d) · 124 Stat. 3296

    Substituted · 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 111–312, § 402(d), substituted “2013” for “2012”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(A)(ii). Pub. L. 111–312, § 402(d), substituted “2013” for “2012”.

    Enacted provision · exact public law section
    (d) Computer Software.— Section 179(d)(1)(A)(ii) 26 USC 179. is amended by striking “2012” and inserting “2013”.

  56. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 737(b)(3)(A) · 124 Stat. 3296

    Struck · 26 U.S.C. § 179(f)(2)(B)

    Pub. L. 111–312, § 737(b)(3)(A), struck out “(without regard to the dates specified in subparagraph (A)(i) thereof)” after “section 168(e)(7)”

    Source evidence

    Code amendment note
    Subsec. (f)(2)(B). Pub. L. 111–312, § 737(b)(3)(A), struck out “(without regard to the dates specified in subparagraph (A)(i) thereof)” after “section 168(e)(7)”.

    Enacted provision · exact public law section
    (A) by striking “(without regard to the dates specified in subparagraph (A)(i) thereof)” in subparagraph (B), and

  57. Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

    Pub. L. 111–312 § 737(b)(3)(B) · 124 Stat. 3296

    Struck · 26 U.S.C. § 179(f)(2)(C)

    Pub. L. 111–312, § 737(b)(3)(B), struck out “(without regard to subparagraph (E) thereof)” after “section 168(e)(8)”

    Source evidence

    Code amendment note
    Subsec. (f)(2)(C). Pub. L. 111–312, § 737(b)(3)(B), struck out “(without regard to subparagraph (E) thereof)” after “section 168(e)(8)”.

    Enacted provision · exact public law section
    (B) by striking “(without regard to subparagraph (E) thereof)” in subparagraph (C).

  58. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(a)(1)(A) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(b)(1)(B)

    Pub. L. 112–240, § 315(a)(1)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(B). Pub. L. 112–240, § 315(a)(1)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”.

    Enacted provision · exact public law section
    (A) by striking “2010 or 2011,” in subparagraph (B) and inserting “2010, 2011, 2012, or 2013, and”,

  59. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(a)(1)(B) · 126 Stat. 2313

    1. Redesignated · 26 U.S.C. § 179(b)(1)(C); 26 U.S.C. § 179(b)(1)(D)

      Pub. L. 112–240, § 315(a)(1)(B)–(D), redesignated subpar. (D) as (C)

    2. Substituted · 26 U.S.C. § 179(b)(1)(C); 26 U.S.C. § 179(b)(1)(D)

      Pub. L. 112–240, § 315(a)(1)(B)–(D), substituted “2013” for “2012”

    3. Struck · 26 U.S.C. § 179(b)(1)(C); 26 U.S.C. § 179(b)(1)(D)

      Pub. L. 112–240, § 315(a)(1)(B)–(D), struck out former subpar. (C) which read as follows: “$125,000 in the case of taxable years beginning in 2012, and”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(C), (D). Pub. L. 112–240, § 315(a)(1)(B)–(D), redesignated subpar. (D) as (C), substituted “2013” for “2012”, and struck out former subpar. (C) which read as follows: “$125,000 in the case of taxable years beginning in 2012, and”.

    Enacted provision · exact public law section
    (B) by striking subparagraph (C),

  60. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(a)(2)(A) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(b)(2)(B)

    Pub. L. 112–240, § 315(a)(2)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(B). Pub. L. 112–240, § 315(a)(2)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”.

    Enacted provision · exact public law section
    (A) by striking “2010 or 2011,” in subparagraph (B) and inserting “2010, 2011, 2012, or 2013, and”,

  61. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(a)(2)(B) · 126 Stat. 2313

    1. Redesignated · 26 U.S.C. § 179(b)(2)(C); 26 U.S.C. § 179(b)(2)(D)

      Pub. L. 112–240, § 315(a)(2)(B)–(D), redesignated subpar. (D) as (C)

    2. Substituted · 26 U.S.C. § 179(b)(2)(C); 26 U.S.C. § 179(b)(2)(D)

      Pub. L. 112–240, § 315(a)(2)(B)–(D), substituted “2013” for “2012”

    3. Struck · 26 U.S.C. § 179(b)(2)(C); 26 U.S.C. § 179(b)(2)(D)

      Pub. L. 112–240, § 315(a)(2)(B)–(D), struck out former subpar. (C) which read as follows: “$500,000 in the case of taxable years beginning in 2012, and”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(C), (D). Pub. L. 112–240, § 315(a)(2)(B)–(D), redesignated subpar. (D) as (C), substituted “2013” for “2012”, and struck out former subpar. (C) which read as follows: “$500,000 in the case of taxable years beginning in 2012, and”.

    Enacted provision · exact public law section
    (B) by striking subparagraph (C),

  62. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(a)(3) · 126 Stat. 2313

    Struck · 26 U.S.C. § 179(b)(6)

    Pub. L. 112–240, § 315(a)(3), struck out par. (6) which related to inflation adjustment

    Source evidence

    Code amendment note
    Subsec. (b)(6). Pub. L. 112–240, § 315(a)(3), struck out par. (6) which related to inflation adjustment.

    Enacted provision · exact public law section
    (3) Conforming amendment.— Subsection (b) of section 179 is amended by striking paragraph (6).

  63. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(c) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(c)(2)

    Pub. L. 112–240, § 315(c), substituted “2014” for “2013”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 112–240, § 315(c), substituted “2014” for “2013”.

    Enacted provision · exact public law section
    (c) Election.— Section 179(c)(2) is amended by striking “2013” and inserting “2014”.

  64. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(b) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 112–240, § 315(b), substituted “2014” for “2013”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(A)(ii). Pub. L. 112–240, § 315(b), substituted “2014” for “2013”.

    Enacted provision · exact public law section
    (b) Computer Software.— Section 179(d)(1)(A)(ii) is amended by striking “2013” and inserting “2014”.

  65. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(d)(1) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(f)(1)

    Pub. L. 112–240, § 315(d)(1), substituted “2010, 2011, 2012, or 2013” for “2010 or 2011” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (f)(1). Pub. L. 112–240, § 315(d)(1), substituted “2010, 2011, 2012, or 2013” for “2010 or 2011” in introductory provisions.

    Enacted provision · exact public law section
    (1) In general.— Section 179(f)(1) is amended by striking “2010 or 2011” and inserting “2010, 2011, 2012, or 2013”.

  66. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(d)(2)(A) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(f)(4)(A); 26 U.S.C. § 179(f)(4)(B)

    Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011”

    Source evidence

    Code amendment note
    Subsec. (f)(4)(A), (B). Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011”.

    Enacted provision · exact public law section
    (A) In general.— Section 179(f)(4) is amended by striking “2011” each place it appears and inserting “2013”.

  67. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(d)(2)(B) · 126 Stat. 2313

    1. Substituted · 26 U.S.C. § 179(f)(4)(C)

      Pub. L. 112–240, § 315(d)(2)(B), substituted “2010, 2011 and 2012” for “2010” in heading

    2. Inserted · 26 U.S.C. § 179(f)(4)(C)

      Pub. L. 112–240, § 315(d)(2)(B), inserted at end “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.”

    Source evidence

    Code amendment note
    Subsec. (f)(4)(C). Pub. L. 112–240, § 315(d)(2)(B), substituted “2010, 2011 and 2012” for “2010” in heading and inserted at end “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.”

    Enacted provision · exact public law section
    (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.”.

  68. American Taxpayer Relief Act of 2012

    Pub. L. 112–240 § 315(d)(2)(A) · 126 Stat. 2313

    Substituted · 26 U.S.C. § 179(f)(4)(C)

    Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011” in two places

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011” in two places.

    Enacted provision · exact public law section
    (A) In general.— Section 179(f)(4) is amended by striking “2011” each place it appears and inserting “2013”.

  69. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(a)(1)(A) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(b)(1)(B)

    Pub. L. 113–295, § 127(a)(1)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(B). Pub. L. 113–295, § 127(a)(1)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”.

    Enacted provision · exact public law section
    (A) by striking “beginning in 2010, 2011, 2012, or 2013” in subparagraph (B) and inserting “beginning after 2009 and before 2015”, and

  70. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(a)(1)(B) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(b)(1)(C)

    Pub. L. 113–295, § 127(a)(1)(B), substituted “2014” for “2013”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(C). Pub. L. 113–295, § 127(a)(1)(B), substituted “2014” for “2013”.

    Enacted provision · exact public law section
    (B) by striking “2013” in subparagraph (C) and inserting “2014”.

  71. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(a)(2)(A) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(b)(2)(B)

    Pub. L. 113–295, § 127(a)(2)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(B). Pub. L. 113–295, § 127(a)(2)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”.

    Enacted provision · exact public law section
    (A) by striking “beginning in 2010, 2011, 2012, or 2013” in subparagraph (B) and inserting “beginning after 2009 and before 2015”, and

  72. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(a)(2)(B) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(b)(2)(C)

    Pub. L. 113–295, § 127(a)(2)(B), substituted “2014” for “2013”

    Source evidence

    Code amendment note
    Subsec. (b)(2)(C). Pub. L. 113–295, § 127(a)(2)(B), substituted “2014” for “2013”.

    Enacted provision · exact public law section
    (B) by striking “2013” in subparagraph (C) and inserting “2014”.

  73. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(c) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(c)(2)

    Pub. L. 113–295, § 127(c), substituted “2015” for “2014”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 113–295, § 127(c), substituted “2015” for “2014”.

    Enacted provision · exact public law section
    (c) Election.— Section 179(c)(2) is amended by striking “2014” and inserting “2015”.

  74. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(b) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 113–295, § 127(b), substituted “2015” for “2014”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(A)(ii). Pub. L. 113–295, § 127(b), substituted “2015” for “2014”.

    Enacted provision · exact public law section
    (b) Computer Software.— Section 179(d)(1)(A)(ii) is amended by striking “2014” and inserting “2015”.

  75. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(d)(1) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(f)(1)

    Pub. L. 113–295, § 127(d)(1), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (f)(1). Pub. L. 113–295, § 127(d)(1), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013” in introductory provisions.

    Enacted provision · exact public law section
    (1) In general.— Section 179(f)(1) is amended by striking “beginning in 2010, 2011, 2012, or 2013” and inserting “beginning after 2009 and before 2015”.

  76. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(d)(2)(A) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(f)(4)

    Pub. L. 113–295, § 127(d)(2)(A), substituted “2014” for “2013” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (f)(4). Pub. L. 113–295, § 127(d)(2)(A), substituted “2014” for “2013” wherever appearing.

    Enacted provision · exact public law section
    (A) In general.— Section 179(f)(4) is amended by striking “2013” each place it appears and inserting “2014”.

  77. Tax Increase Prevention Act of 2014

    Pub. L. 113–295 § 127(d)(2)(B) · 128 Stat. 4010

    Substituted · 26 U.S.C. § 179(f)(4)(C)

    Pub. L. 113–295, § 127(d)(2)(B), substituted “2011, 2012, and 2013” for “2011 and 2012” in heading

    Source evidence

    Code amendment note
    Subsec. (f)(4)(C). Pub. L. 113–295, § 127(d)(2)(B), substituted “2011, 2012, and 2013” for “2011 and 2012” in heading.

    Enacted provision · exact public law section
    (B) Conforming amendment.— The heading of subparagraph (C) of section 179(f)(4) is amended by striking “2011 and 2012” and inserting “2011, 2012, and 2013”.

  78. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(a)(1) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(b)(1)

    Pub. L. 114–113, § 124(a)(1), substituted “shall not exceed $500,000.” for “shall not exceed—

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 114–113, § 124(a)(1), substituted “shall not exceed $500,000.” for “shall not exceed—

    “(A) $250,000 in the case of taxable years beginning after 2007 and before 2010, “(B) $500,000 in the case of taxable years beginning after 2009 and before 2015, and “(C) $25,000 in the case of taxable years beginning after 2014.”

    Enacted provision · exact public law section
    (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.

  79. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(a)(2) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(b)(2)

    Pub. L. 114–113, § 124(a)(2), substituted “exceeds $2,000,000.” for “exceeds—

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 114–113, § 124(a)(2), substituted “exceeds $2,000,000.” for “exceeds—

    “(A) $800,000 in the case of taxable years beginning after 2007 and before 2010, “(B) $2,000,000 in the case of taxable years beginning after 2009 and before 2015, and “(C) $200,000 in the case of taxable years beginning after 2014.”

    Enacted provision · exact public law section
    (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs.

  80. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(f) · 129 Stat. 2242

    Added · 26 U.S.C. § 179(b)(6)

    Pub. L. 114–113, § 124(f), added par. (6)

    Source evidence

    Code amendment note
    Subsec. (b)(6). Pub. L. 114–113, § 124(f), added par. (6).

    Enacted provision · exact public law section
    Sec. 124. (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs. (b) The reports required under subsection (a) shall include— (1) the obligations made during the previous quarter by object class, office, and activity; (2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity; (3) the number of full-time equivalents within each office during the previous quarter; (4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and (5) actions taken to achieve the goals, objectives, and performance measures of each office. (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  81. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(d) · 129 Stat. 2242

    Struck · 26 U.S.C. § 179(c)(2)

    Pub. L. 114–113, § 124(d), struck out “irrevocable” after “Election” in heading and “may not be revoked except with the consent of the Secretary. Any such election or specification with respect to any taxable year beginning after 2002 and before 2015” after “such election,” in text

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 114–113, § 124(d), struck out “irrevocable” after “Election” in heading and “may not be revoked except with the consent of the Secretary. Any such election or specification with respect to any taxable year beginning after 2002 and before 2015” after “such election,” in text.

    Enacted provision · exact public law section
    Sec. 124. (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs. (b) The reports required under subsection (a) shall include— (1) the obligations made during the previous quarter by object class, office, and activity; (2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity; (3) the number of full-time equivalents within each office during the previous quarter; (4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and (5) actions taken to achieve the goals, objectives, and performance measures of each office. (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  82. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(e) · 129 Stat. 2242

    Struck · 26 U.S.C. § 179(d)(1)

    Pub. L. 114–113, § 124(e), struck out “and shall not include air conditioning or heating units” after “section 50(b)” in concluding provisions

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 114–113, § 124(e), struck out “and shall not include air conditioning or heating units” after “section 50(b)” in concluding provisions.

    Enacted provision · exact public law section
    Sec. 124. (a) Not later than 60 days after the end of each quarter, the Office of Financial Stability and the Office of Financial Research shall submit reports on their activities to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives and the Senate Committee on Banking, Housing, and Urban Affairs. (b) The reports required under subsection (a) shall include— (1) the obligations made during the previous quarter by object class, office, and activity; (2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity; (3) the number of full-time equivalents within each office during the previous quarter; (4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and (5) actions taken to achieve the goals, objectives, and performance measures of each office. (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  83. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(b) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(d)(1)(A)(ii)

    Pub. L. 114–113, § 124(b), substituted “and to which section 167 applies” for “, to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2015”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(A)(ii). Pub. L. 114–113, § 124(b), substituted “and to which section 167 applies” for “, to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2015”.

    Enacted provision · exact public law section
    (b) The reports required under subsection (a) shall include— (1) the obligations made during the previous quarter by object class, office, and activity; (2) the estimated obligations for the remainder of the fiscal year by object class, office, and activity; (3) the number of full-time equivalents within each office during the previous quarter; (4) the estimated number of full-time equivalents within each office for the remainder of the fiscal year; and (5) actions taken to achieve the goals, objectives, and performance measures of each office.

  84. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(2)(A) · 129 Stat. 2242

    Struck · 26 U.S.C. § 179(f)(1)

    Pub. L. 114–113, § 124(c)(2)(A), struck out “beginning after 2009 and before 2016” after “any taxable year” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (f)(1). Pub. L. 114–113, § 124(c)(2)(A), struck out “beginning after 2009 and before 2016” after “any taxable year” in introductory provisions.

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  85. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(1)(A) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(f)(1)

    Pub. L. 114–113, § 124(c)(1)(A), substituted “2016” for “2015” in introductory provisions

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 114–113, § 124(c)(1)(A), substituted “2016” for “2015” in introductory provisions.

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  86. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(2)(B) · 129 Stat. 2242

    Struck · 26 U.S.C. § 179(f)(3)

    Pub. L. 114–113, § 124(c)(2)(B), struck out par. (3). Text read as follows: “For purposes of applying the limitation under subsection (b)(1)(B), not more than $250,000 of the aggregate cost which is taken into account under subsection (a) for any taxable year may be attributable to qualified real property.”

    Source evidence

    Code amendment note
    Subsec. (f)(3). Pub. L. 114–113, § 124(c)(2)(B), struck out par. (3). Text read as follows: “For purposes of applying the limitation under subsection (b)(1)(B), not more than $250,000 of the aggregate cost which is taken into account under subsection (a) for any taxable year may be attributable to qualified real property.”

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  87. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(2)(B) · 129 Stat. 2242

    Struck · 26 U.S.C. § 179(f)(4)

    Pub. L. 114–113, § 124(c)(2)(B), struck out par. (4) which related to limitation of carryover of amounts attributable to qualified real property

    Source evidence

    Code amendment note
    Subsec. (f)(4). Pub. L. 114–113, § 124(c)(2)(B), struck out par. (4) which related to limitation of carryover of amounts attributable to qualified real property.

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  88. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(1)(B) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(f)(4)

    Pub. L. 114–113, § 124(c)(1)(B), substituted “2015” for “2014” wherever appearing

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 114–113, § 124(c)(1)(B), substituted “2015” for “2014” wherever appearing.

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  89. Department of the Treasury Appropriations Act, 2016

    Pub. L. 114–113 § 124(c)(1)(C) · 129 Stat. 2242

    Substituted · 26 U.S.C. § 179(f)(4)(C)

    Pub. L. 114–113, § 124(c)(1)(C), substituted “2013, and 2014” for “and 2013” in heading

    Source evidence

    Code amendment note
    Subsec. (f)(4)(C). Pub. L. 114–113, § 124(c)(1)(C), substituted “2013, and 2014” for “and 2013” in heading.

    Enacted provision · exact public law section
    (c) At the request of any such Committees specified in subsection (a), the Office of Financial Stability and the Office of Financial Research shall make officials available to testify on the contents of the reports required under subsection (a).

  90. Pub. L. 115–97 § 13101(a)(1) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(1)

    Pub. L. 115–97, § 13101(a)(1), substituted “$1,000,000” for “$500,000”

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 115–97, § 13101(a)(1), substituted “$1,000,000” for “$500,000”.

    Enacted provision · exact public law section
    (1) Dollar limitation.— Section 179(b)(1) 26 USC 179. is amended by striking “$500,000” and inserting “$1,000,000”.

  91. Pub. L. 115–97 § 13101(a)(2) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(2)

    Pub. L. 115–97, § 13101(a)(2), substituted “$2,500,000” for “$2,000,000”

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 115–97, § 13101(a)(2), substituted “$2,500,000” for “$2,000,000”.

    Enacted provision · exact public law section
    (2) Reduction in limitation.— Section 179(b)(2) is amended by striking “$2,000,000” and inserting “$2,500,000”.

  92. Pub. L. 115–97 § 13101(a)(3)(B)(i) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(6)(A)

    Pub. L. 115–97, § 13101(a)(3)(B)(i), substituted “paragraphs (1), (2), and (5)(A)” for “paragraphs (1) and (2)” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (b)(6)(A). Pub. L. 115–97, § 13101(a)(3)(B)(i), substituted “paragraphs (1), (2), and (5)(A)” for “paragraphs (1) and (2)” in introductory provisions.

    Enacted provision · exact public law section
    (i) in subparagraph (A), by striking “paragraphs (1) and (2)” and inserting “paragraphs (1), (2), and (5)(A)”, and

  93. Pub. L. 115–97 § 13101(a)(3)(A)(i) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(6)(A)

    Pub. L. 115–97, § 13101(a)(3)(A)(i), substituted “2018” for “2015” in introductory provisions

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 115–97, § 13101(a)(3)(A)(i), substituted “2018” for “2015” in introductory provisions.

    Enacted provision · exact public law section
    (i) by striking “2015” and inserting “2018”, and

  94. Pub. L. 115–97 § 13101(a)(3)(A)(ii) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(6)(A)(ii)

    Pub. L. 115–97, § 13101(a)(3)(A)(ii), substituted “calendar year 2017” for “calendar year 2014”

    Source evidence

    Code amendment note
    Subsec. (b)(6)(A)(ii). Pub. L. 115–97, § 13101(a)(3)(A)(ii), substituted “calendar year 2017” for “calendar year 2014”.

    Enacted provision · exact public law section
    (ii) in clause (ii), by striking “calendar year 2014” and inserting “calendar year 2017”.

  95. Pub. L. 115–97 § 11002(d)(1)(R) · 131 Stat. 2054

    Substituted · 26 U.S.C. § 179(b)(6)(A)(ii)

    Pub. L. 115–97, § 11002(d)(1)(R), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in subparagraph (B)”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 115–97, § 11002(d)(1)(R), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in subparagraph (B)”.

    Enacted provision · exact public law section
    (R) Section 179(b)(6)(A)(ii).

  96. Pub. L. 115–97 § 13101(a)(3)(B)(ii) · 131 Stat. 2054

    Inserted · 26 U.S.C. § 179(b)(6)(B)

    Pub. L. 115–97, § 13101(a)(3)(B)(ii), inserted “($100 in the case of any increase in the amount under paragraph (5)(A))” after “$10,000”

    Source evidence

    Code amendment note
    Subsec. (b)(6)(B). Pub. L. 115–97, § 13101(a)(3)(B)(ii), inserted “($100 in the case of any increase in the amount under paragraph (5)(A))” after “$10,000”.

    Enacted provision · exact public law section
    (ii) in subparagraph (B), by inserting “($100 in the case of any increase in the amount under paragraph (5)(A))” after “$10,000”.

  97. Pub. L. 115–97 § 13101(c) · 131 Stat. 2054

    Inserted · 26 U.S.C. § 179(d)(1)

    Pub. L. 115–97, § 13101(c), inserted “(other than paragraph (2) thereof)” after “section 50(b)” in concluding provisions

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 115–97, § 13101(c), inserted “(other than paragraph (2) thereof)” after “section 50(b)” in concluding provisions.

    Enacted provision · exact public law section
    (c) Repeal of Exclusion for Certain Property.— The last sentence of section 179(d)(1) 26 USC 179. is amended by inserting “(other than paragraph (2) thereof)” after “section 50(b)”.

  98. Pub. L. 115–97 § 13101(b)(1) · 131 Stat. 2054

    Amended · 26 U.S.C. § 179(d)(1)(B)

    Pub. L. 115–97, § 13101(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “which is section 1245 property (as defined in section 1245(a)(3)), and”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(B). Pub. L. 115–97, § 13101(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “which is section 1245 property (as defined in section 1245(a)(3)), and”.

    Enacted provision · exact public law section
    (1) In general.— Subparagraph (B) of section 179(d)(1) is amended to read as follows: “(B) which is— “(i) section 1245 property (as defined in section 1245(a)(3)), or “(ii) at the election of the taxpayer, qualified real property (as defined in subsection (f)), and” .

  99. Pub. L. 115–97 § 13101(b)(2) · 131 Stat. 2054

    Amended · 26 U.S.C. § 179(f)

    Pub. L. 115–97, § 13101(b)(2), amended subsec. (f) generally. Prior to amendment, subsec. (f) consisted of pars. (1) and (2) defining “section 179 property” and “qualified real property”, respectively

    Source evidence

    Code amendment note
    Subsec. (f). Pub. L. 115–97, § 13101(b)(2), amended subsec. (f) generally. Prior to amendment, subsec. (f) consisted of pars. (1) and (2) defining “section 179 property” and “qualified real property”, respectively.

    Enacted provision · exact public law section
    (2) Qualified real property defined.— Subsection (f) of section 179 is amended to read as follows: “(f) Qualified Real Property.— For purposes of this section, the term ‘qualified real property’ means— “(1) any qualified improvement property described in section 168(e)(6), and “(2) any of the following improvements to nonresidential real property placed in service after the date such property was first placed in service: “(A) Roofs. “(B) Heating, ventilation, and air-conditioning property. “(C) Fire protection and alarm systems. “(D) Security systems.” .

  100. Energy and Water Development and Related Agencies Appropriations Act, 2018

    Pub. L. 115–141 § 401(b)(15)(B) · 132 Stat. 348

    Substituted · 26 U.S.C. § 179(d)(1)(B)(ii)

    Pub. L. 115–141, § 401(b)(15)(B), substituted “subsection (e)” for “subsection (f)”

    Source evidence

    Code amendment note
    Subsec. (d)(1)(B)(ii). Pub. L. 115–141, § 401(b)(15)(B), substituted “subsection (e)” for “subsection (f)”.

    Enacted provision · exact public law section
    Sec. 401. The Nuclear Regulatory Commission shall comply with the July 5, 2011, version of Chapter VI of its Internal Commission Procedures when responding to Congressional requests for information.

  101. Energy and Water Development and Related Agencies Appropriations Act, 2018

    Pub. L. 115–141 § 401(b)(15)(A) · 132 Stat. 348

    1. Redesignated · 26 U.S.C. § 179(e); 26 U.S.C. § 179(f)

      Pub. L. 115–141, § 401(b)(15)(A), redesignated subsec. (f) as (e)

    2. Struck · 26 U.S.C. § 179(e); 26 U.S.C. § 179(f)

      Pub. L. 115–141, § 401(b)(15)(A), struck out former subsec. (e) which related to special rules for qualified disaster assistance property

    Source evidence

    Code amendment note
    Subsecs. (e), (f). Pub. L. 115–141, § 401(b)(15)(A), redesignated subsec. (f) as (e) and struck out former subsec. (e) which related to special rules for qualified disaster assistance property.

    Enacted provision · exact public law section
    Sec. 401. The Nuclear Regulatory Commission shall comply with the July 5, 2011, version of Chapter VI of its Internal Commission Procedures when responding to Congressional requests for information.

  102. Pub. L. 119–21 § 70306(a)(1) · 139 Stat. 197

    Substituted · 26 U.S.C. § 179(b)(1)

    Pub. L. 119–21, § 70306(a)(1), substituted “$2,500,000” for “$1,000,000”

    Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 119–21, § 70306(a)(1), substituted “$2,500,000” for “$1,000,000”.

    Effective date note
    Pub. L. 119–21, title VII, § 70306(c), July 4, 2025, 139 Stat. 198, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after December 31, 2024.”

  103. Pub. L. 119–21 § 70306(a)(2) · 139 Stat. 197

    Substituted · 26 U.S.C. § 179(b)(2)

    Pub. L. 119–21, § 70306(a)(2), substituted “$4,000,000” for “$2,500,000”

    Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 119–21, § 70306(a)(2), substituted “$4,000,000” for “$2,500,000”.

    Effective date note
    Pub. L. 119–21, title VII, § 70306(c), July 4, 2025, 139 Stat. 198, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after December 31, 2024.”

  104. Pub. L. 119–21 § 70306(b)(1) · 139 Stat. 197

    Inserted · 26 U.S.C. § 179(b)(6)(A)

    Pub. L. 119–21, § 70306(b)(1), inserted “(2025 in the case of the dollar amounts in paragraphs (1) and (2))” after “In the case of any taxable year beginning after 2018” in introductory provisions

    Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.

    Source evidence

    Code amendment note
    Subsec. (b)(6)(A). Pub. L. 119–21, § 70306(b)(1), inserted “(2025 in the case of the dollar amounts in paragraphs (1) and (2))” after “In the case of any taxable year beginning after 2018” in introductory provisions.

    Effective date note
    Pub. L. 119–21, title VII, § 70306(c), July 4, 2025, 139 Stat. 198, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after December 31, 2024.”

  105. Pub. L. 119–21 § 70306(b)(2) · 139 Stat. 197

    1. Substituted · 26 U.S.C. § 179(b)(6)(A)(ii)

      Pub. L. 119–21, § 70306(b)(2), substituted “determined by substituting in subparagraph (A)(ii) thereof—” for “determined by substituting ‘calendar year 2017’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.”

    2. Added · 26 U.S.C. § 179(b)(6)(A)(ii)

      Pub. L. 119–21, § 70306(b)(2), added subcls. (I) and (II)

    Unresolved: Pub. L. 119–21 was not found in the local Statutes at Large index.

    Source evidence

    Code amendment note
    Subsec. (b)(6)(A)(ii). Pub. L. 119–21, § 70306(b)(2), substituted “determined by substituting in subparagraph (A)(ii) thereof—” for “determined by substituting ‘calendar year 2017’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.” and added subcls. (I) and (II).

    Effective date note
    Pub. L. 119–21, title VII, § 70306(c), July 4, 2025, 139 Stat. 198, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after December 31, 2024.”

128 of 133 references resolved to an enrolled provision · 5 unresolved

Notes

Inflation Adjusted Items for Certain Years

For inflation adjustment of certain items in this section, see Revenue Procedures listed in a table under section 1 of this title.

Editorial Notes

Amendments1962–2025 · 25 rounds

2025

Subsec. (b)(1). Pub. L. 119–21, § 70306(a)(1), substituted “$2,500,000” for “$1,000,000”.

Subsec. (b)(2). Pub. L. 119–21, § 70306(a)(2), substituted “$4,000,000” for “$2,500,000”.

Subsec. (b)(6)(A). Pub. L. 119–21, § 70306(b)(1), inserted “(2025 in the case of the dollar amounts in paragraphs (1) and (2))” after “In the case of any taxable year beginning after 2018” in introductory provisions.

Subsec. (b)(6)(A)(ii). Pub. L. 119–21, § 70306(b)(2), substituted “determined by substituting in subparagraph (A)(ii) thereof—” for “determined by substituting ‘calendar year 2017’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.” and added subcls. (I) and (II).

2018

Subsec. (d)(1)(B)(ii). Pub. L. 115–141, § 401(b)(15)(B), substituted “subsection (e)” for “subsection (f)”.

Subsecs. (e), (f). Pub. L. 115–141, § 401(b)(15)(A), redesignated subsec. (f) as (e) and struck out former subsec. (e) which related to special rules for qualified disaster assistance property.

2017

Subsec. (b)(1). Pub. L. 115–97, § 13101(a)(1), substituted “$1,000,000” for “$500,000”.

Subsec. (b)(2). Pub. L. 115–97, § 13101(a)(2), substituted “$2,500,000” for “$2,000,000”.

Subsec. (b)(6)(A). Pub. L. 115–97, § 13101(a)(3)(B)(i), substituted “paragraphs (1), (2), and (5)(A)” for “paragraphs (1) and (2)” in introductory provisions.

Pub. L. 115–97, § 13101(a)(3)(A)(i), substituted “2018” for “2015” in introductory provisions.

Subsec. (b)(6)(A)(ii). Pub. L. 115–97, § 13101(a)(3)(A)(ii), substituted “calendar year 2017” for “calendar year 2014”.

Pub. L. 115–97, § 11002(d)(1)(R), substituted “for ‘calendar year 2016’ in subparagraph (A)(ii)” for “for ‘calendar year 1992’ in subparagraph (B)”.

Subsec. (b)(6)(B). Pub. L. 115–97, § 13101(a)(3)(B)(ii), inserted “($100 in the case of any increase in the amount under paragraph (5)(A))” after “$10,000”.

Subsec. (d)(1). Pub. L. 115–97, § 13101(c), inserted “(other than paragraph (2) thereof)” after “section 50(b)” in concluding provisions.

Subsec. (d)(1)(B). Pub. L. 115–97, § 13101(b)(1), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “which is section 1245 property (as defined in section 1245(a)(3)), and”.

Subsec. (f). Pub. L. 115–97, § 13101(b)(2), amended subsec. (f) generally. Prior to amendment, subsec. (f) consisted of pars. (1) and (2) defining “section 179 property” and “qualified real property”, respectively.

2015

Subsec. (b)(1). Pub. L. 114–113, § 124(a)(1), substituted “shall not exceed $500,000.” for “shall not exceed—

“(A) $250,000 in the case of taxable years beginning after 2007 and before 2010,

“(B) $500,000 in the case of taxable years beginning after 2009 and before 2015, and

“(C) $25,000 in the case of taxable years beginning after 2014.”

Subsec. (b)(2). Pub. L. 114–113, § 124(a)(2), substituted “exceeds $2,000,000.” for “exceeds—

“(A) $800,000 in the case of taxable years beginning after 2007 and before 2010,

“(B) $2,000,000 in the case of taxable years beginning after 2009 and before 2015, and

“(C) $200,000 in the case of taxable years beginning after 2014.”

Subsec. (b)(6). Pub. L. 114–113, § 124(f), added par. (6).

Subsec. (c)(2). Pub. L. 114–113, § 124(d), struck out “irrevocable” after “Election” in heading and “may not be revoked except with the consent of the Secretary. Any such election or specification with respect to any taxable year beginning after 2002 and before 2015” after “such election,” in text.

Subsec. (d)(1). Pub. L. 114–113, § 124(e), struck out “and shall not include air conditioning or heating units” after “section 50(b)” in concluding provisions.

Subsec. (d)(1)(A)(ii). Pub. L. 114–113, § 124(b), substituted “and to which section 167 applies” for “, to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2015”.

Subsec. (f)(1). Pub. L. 114–113, § 124(c)(2)(A), struck out “beginning after 2009 and before 2016” after “any taxable year” in introductory provisions.

Pub. L. 114–113, § 124(c)(1)(A), substituted “2016” for “2015” in introductory provisions.

Subsec. (f)(3). Pub. L. 114–113, § 124(c)(2)(B), struck out par. (3). Text read as follows: “For purposes of applying the limitation under subsection (b)(1)(B), not more than $250,000 of the aggregate cost which is taken into account under subsection (a) for any taxable year may be attributable to qualified real property.”

Subsec. (f)(4). Pub. L. 114–113, § 124(c)(2)(B), struck out par. (4) which related to limitation of carryover of amounts attributable to qualified real property.

Pub. L. 114–113, § 124(c)(1)(B), substituted “2015” for “2014” wherever appearing.

Subsec. (f)(4)(C). Pub. L. 114–113, § 124(c)(1)(C), substituted “2013, and 2014” for “and 2013” in heading.

2014

Subsec. (b)(1)(B). Pub. L. 113–295, § 127(a)(1)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”.

Subsec. (b)(1)(C). Pub. L. 113–295, § 127(a)(1)(B), substituted “2014” for “2013”.

Subsec. (b)(2)(B). Pub. L. 113–295, § 127(a)(2)(A), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013”.

Subsec. (b)(2)(C). Pub. L. 113–295, § 127(a)(2)(B), substituted “2014” for “2013”.

Subsec. (c)(2). Pub. L. 113–295, § 127(c), substituted “2015” for “2014”.

Subsec. (d)(1)(A)(ii). Pub. L. 113–295, § 127(b), substituted “2015” for “2014”.

Subsec. (f)(1). Pub. L. 113–295, § 127(d)(1), substituted “beginning after 2009 and before 2015” for “beginning in 2010, 2011, 2012, or 2013” in introductory provisions.

Subsec. (f)(4). Pub. L. 113–295, § 127(d)(2)(A), substituted “2014” for “2013” wherever appearing.

Subsec. (f)(4)(C). Pub. L. 113–295, § 127(d)(2)(B), substituted “2011, 2012, and 2013” for “2011 and 2012” in heading.

2013

Subsec. (b)(1)(B). Pub. L. 112–240, § 315(a)(1)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”.

Subsec. (b)(1)(C), (D). Pub. L. 112–240, § 315(a)(1)(B)–(D), redesignated subpar. (D) as (C), substituted “2013” for “2012”, and struck out former subpar. (C) which read as follows: “$125,000 in the case of taxable years beginning in 2012, and”.

Subsec. (b)(2)(B). Pub. L. 112–240, § 315(a)(2)(A), substituted “2010, 2011, 2012, or 2013, and” for “2010 or 2011,”.

Subsec. (b)(2)(C), (D). Pub. L. 112–240, § 315(a)(2)(B)–(D), redesignated subpar. (D) as (C), substituted “2013” for “2012”, and struck out former subpar. (C) which read as follows: “$500,000 in the case of taxable years beginning in 2012, and”.

Subsec. (b)(6). Pub. L. 112–240, § 315(a)(3), struck out par. (6) which related to inflation adjustment.

Subsec. (c)(2). Pub. L. 112–240, § 315(c), substituted “2014” for “2013”.

Subsec. (d)(1)(A)(ii). Pub. L. 112–240, § 315(b), substituted “2014” for “2013”.

Subsec. (f)(1). Pub. L. 112–240, § 315(d)(1), substituted “2010, 2011, 2012, or 2013” for “2010 or 2011” in introductory provisions.

Subsec. (f)(4)(A), (B). Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011”.

Subsec. (f)(4)(C). Pub. L. 112–240, § 315(d)(2)(B), substituted “2010, 2011 and 2012” for “2010” in heading and inserted at end “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.”

Pub. L. 112–240, § 315(d)(2)(A), substituted “2013” for “2011” in two places.

2010

Subsec. (b)(1). Pub. L. 111–240, § 2021(a)(1), substituted “shall not exceed—” for “shall not exceed $25,000 ($250,000 in the case of taxable years beginning after 2007 and before 2011).” and added subpars. (A) to (C).

Pub. L. 111–147, § 201(a)(1), substituted “($250,000 in the case of taxable years beginning after 2007 and before 2011)” for “($125,000 in the case of taxable years beginning after 2006 and before 2011)”.

Subsec. (b)(1)(C), (D). Pub. L. 111–312, § 402(a), added subpars. (C) and (D) and struck out former subpar. (C), which read as follows: “$25,000 in the case of taxable years beginning after 2011.”

Subsec. (b)(2). Pub. L. 111–240, § 2021(a)(2), substituted “exceeds—” for “exceeds $200,000 ($800,000 in the case of taxable years beginning after 2007 and before 2011).” and added subpars. (A) to (C).

Pub. L. 111–147, § 201(a)(2), substituted “($800,000 in the case of taxable years beginning after 2007 and before 2011)” for “($500,000 in the case of taxable years beginning after 2006 and before 2011)”.

Subsec. (b)(2)(C), (D). Pub. L. 111–312, § 402(b), added subpars. (C) and (D) and struck out former subpar. (C), which read as follows: “$200,000 in the case of taxable years beginning after 2011.”

Subsec. (b)(5). Pub. L. 111–147, § 201(a)(3), (4), redesignated par. (6) as (5) and struck out former par. (5) which related to inflation adjustments.

Subsec. (b)(6). Pub. L. 111–312, § 402(c), added par. (6).

Pub. L. 111–147, § 201(a)(4), redesignated par. (6) as (5).

Subsec. (b)(7). Pub. L. 111–147, § 201(a)(3), struck out par. (7) which related to increase in limitations for 2008 and 2009.

Subsec. (c)(2). Pub. L. 111–312, § 402(e), substituted “2013” for “2012”.

Pub. L. 111–240, § 2021(c), substituted “2012” for “2011”.

Subsec. (d)(1)(A)(ii). Pub. L. 111–312, § 402(d), substituted “2013” for “2012”.

Pub. L. 111–240, § 2021(d), substituted “2012” for “2011”.

Subsec. (f). Pub. L. 111–240, § 2021(b), added subsec. (f).

Subsec. (f)(2)(B). Pub. L. 111–312, § 737(b)(3)(A), struck out “(without regard to the dates specified in subparagraph (A)(i) thereof)” after “section 168(e)(7)”.

Subsec. (f)(2)(C). Pub. L. 111–312, § 737(b)(3)(B), struck out “(without regard to subparagraph (E) thereof)” after “section 168(e)(8)”.

2009

Subsec. (b)(7). Pub. L. 111–5 substituted “2008, and 2009” for “2008” in heading and “2008, or 2009” for “2008” in introductory provisions.

2008

Subsec. (b)(7). Pub. L. 110–185 added par. (7).

Subsec. (e). Pub. L. 110–343 added subsec. (e).

2007

Subsec. (b)(1). Pub. L. 110–28, § 8212(a), (b)(1), substituted “$125,000 in the case of taxable years beginning after 2006” for “$100,000 in the case of taxable years beginning after 2002” and “2011” for “2010”.

Subsec. (b)(2). Pub. L. 110–28, § 8212(a), (b)(2), substituted “$500,000 in the case of taxable years beginning after 2006” for “$400,000 in the case of taxable years beginning after 2002” and “2011” for “2010”.

Subsec. (b)(5)(A). Pub. L. 110–28, § 8212(a), (c)(1), (2), in introductory provisions, substituted “2007” for “2003”, “2011” for “2010”, and “$125,000 and $500,000” for “$100,000 and $400,000”.

Subsec. (b)(5)(A)(ii). Pub. L. 110–28, § 8212(c)(3), substituted “2006” for “2002”.

Subsecs. (c)(2), (d)(1)(A)(ii). Pub. L. 110–28, § 8212(a), substituted “2011” for “2010”.

2006

Subsecs. (b)(1), (2), (5)(A), (c)(2), (d)(1)(A)(ii). Pub. L. 109–222 substituted “2010” for “2008”.

2004

Subsec. (b)(1), (2), (5)(A). Pub. L. 108–357, § 201, substituted “2008” for “2006”.

Subsec. (b)(6). Pub. L. 108–357, § 910(a), added par. (6).

Subsecs. (c)(2), (d)(1)(A)(ii). Pub. L. 108–357, § 201, substituted “2008” for “2006”.

2003

Subsec. (b)(1). Pub. L. 108–27, § 202(a), reenacted heading without change and amended text generally. Prior to amendment, par. (1) contained a table specifying the maximum amounts for taxable years 1997 to 2003 and thereafter which could be taken into account as the aggregate costs under subsec. (a).

Subsec. (b)(2). Pub. L. 108–27, § 202(b), inserted “($400,000 in the case of taxable years beginning after 2002 and before 2006)” after “$200,000”.

Subsec. (b)(5). Pub. L. 108–27, § 202(d), added par. (5).

Subsec. (c)(2). Pub. L. 108–27, § 202(e), inserted at end “Any such election or specification with respect to any taxable year beginning after 2002 and before 2006 may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.”

Subsec. (d)(1). Pub. L. 108–27, § 202(c), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “For purposes of this section, the term ‘section 179 property’ means any tangible property (to which section 168 applies) which is section 1245 property (as defined in section 1245(a)(3)) and which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

1996

Subsec. (b)(1). Pub. L. 104–188, § 1111(a), reenacted heading without change and amended text generally. Prior to amendment, text read as follows: “The aggregate cost which may be taken into account under subsection (a) for any taxable year shall not exceed $17,500.”

Subsec. (d)(1). Pub. L. 104–188, § 1702(h)(10), struck out “in” before “a trade or business”.

Pub. L. 104–188, § 1702(h)(19), inserted at end “Such term shall not include any property described in section 50(b) and shall not include air conditioning or heating units.”

1993

Subsec. (b)(1). Pub. L. 103–66 substituted “$17,500” for “$10,000”.

1990

Subsec. (d)(1). Pub. L. 101–508, § 11813(b)(11)(A), substituted “section 1245 property (as defined in section 1245(a)(3))” for “section 38 property”.

Subsec. (d)(5). Pub. L. 101–508, § 11813(b)(11)(B), amended par. (5) generally. Prior to amendment, par. (5) read as follows: “This section shall not apply to any section 179 property purchased by any person described in section 46(e)(3) unless the credit under section 38 is allowable with respect to such person for such property (determined without regard to this section).”

1988

Subsec. (b)(3). Pub. L. 100–647, § 1002(b)(1), amended par. (3) generally. Prior to amendment, par. (3) read as follows:

“(A) In general.—The aggregate cost of section 179 property taken into account under subsection (a) for any taxable year shall not exceed the aggregate amount of taxable income of the taxpayer for such taxable year which is derived from the active conduct by the taxpayer of any trade or business during such taxable year.

“(B) Carryover of unused cost.—The amount of any cost which (but for subparagraph (A)) would have been allowed as a deduction under subsection (a) for any taxable year shall be carried to the succeeding taxable year and added to the amount allowable as a deduction under subsection (a) for such succeeding taxable year.

“(C) Computation of taxable income.—For purposes of this paragraph, taxable income derived from the conduct of a trade or business shall be computed without regard to the cost of any section 179 property.”

Subsec. (d)(1). Pub. L. 100–647, § 1002(a)(19), substituted “tangible property (to which section 168 applies)” for “recovery property”.

1986

Subsec. (b). Pub. L. 99–514, § 202(a), in amending subsec. (b) generally, substituted “Limitations” for “Dollar limitation” in heading, in par. (1) substituted as heading “Dollar limitation” for “In general” and in text “shall not exceed $10,000” for “shall not exceed the following applicable amount:” and a table specifying amounts for specific years, added pars. (2) to (4), and struck out former par. (2) which read as follows: “In the case of a husband and wife filing separate returns for a taxable year, the applicable amount under paragraph (1) shall be equal to 50 percent of the amount otherwise determined under paragraph (1).”

Subsec. (d)(1). Pub. L. 99–514, § 202(b), inserted “in the active conduct of”.

Subsec. (d)(8). Pub. L. 99–514, § 201(d)(3), substituted “Treatment of” for “Dollar limitation in case of” in heading and amended text generally. Prior to amendment, text read as follows: “In the case of a partnership, the dollar limitation contained in subsection (b)(1) shall apply with respect to the partnership and with respect to each partner. A similar rule shall apply in the case of an S corporation and its shareholders.”

Subsec. (d)(10). Pub. L. 99–514, § 202(c), struck out “before the close of the second taxable year following the taxable year in which it is placed in service by the taxpayer” after “at any time”.

1984

Subsec. (b)(1). Pub. L. 98–369 amended table by dropping items setting applicable amounts of $0 for 1981 and $5,000 for 1982, substituting an applicable amount of $5,000 for 1983, 1984, 1985, 1986, and 1987 for former table items which had set applicable amounts of $5,000 for 1983, $7,500 for 1984, $7,500 for 1985, and $10,000 for 1986 or thereafter, and added items setting applicable amounts of $7,500 for 1988 or 1989, and $10,000 for 1990 or thereafter.

1983

Subsec. (d)(10). Pub. L. 97–448 added par. (10).

1982

Subsec. (d)(8). Pub. L. 97–354 substituted “partnerships and S corporations” for “partnerships” in heading, and inserted “A similar rule shall apply in the case of an S corporation and its shareholders.”

1981

Pub. L. 97–34 amended section generally, changing its content from provisions that formerly made available an additional first-year depreciation allowance for small businesses to provisions allowing a taxpayer to elect to treat the cost of section 179 property as an expense which is not chargeable to capital account, with any cost so treated to be allowed as a deduction for the taxable year in which the section 179 property is placed in service.

1976

Subsecs. (c)(1), (2), (d)(6)(B). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.

Subsec. (d)(8), (9). Pub. L. 94–455, § 213(a), added par. (8) and redesignated former par. (8) as par. (9).

Subsec. (e). Pub. L. 94–455, § 1906(b)(13)(A), struck out “or his delegate” after “Secretary”.

1969

Subsec. (d). Pub. L. 91–172 substituted reference to component members of a controlled group for reference to members of an affiliated group in pars. (2)(B) and (b), and substituted definition of controlled group for definition of affiliated group in par. (7).

1962

Subsec. (d)(5). Pub. L. 87–834, § 13(c)(2)(A), substituted “section 167(h)” for “section 167(g)”.

Subsec. (d)(8). Pub. L. 87–834, § 13(c)(2)(B), substituted “section 167(g)” for “section 167(f)”.

Statutory Notes and Related Subsidiaries

Effective Date of 2025 Amendment

Pub. L. 119–21, title VII, § 70306(c), , 139 Stat. 198, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after .”

Effective Date of 2018 Amendment

Pub. L. 115–141, div. U, title IV, § 401(b)(15)(C), , 132 Stat. 1202, provided that: “The amendments made by this paragraph [amending this section] shall not apply to property placed in service before the date of the enactment of this Act [].”

Effective Date of 2017 Amendment

Amendment by section 11002(d)(1)(R) of Pub. L. 115–97 applicable to taxable years beginning after , see section 11002(e) of Pub. L. 115–97, set out as a note under section 1 of this title.

Pub. L. 115–97, title I, § 13101(d), , 131 Stat. 2102, provided that: “The amendments made by this section [amending this section] shall apply to property placed in service in taxable years beginning after .”

Effective Date of 2015 Amendment

Pub. L. 114–113, div. Q, title I, § 124(g), , 129 Stat. 3053, provided that:

“(1)

Extension.—

Except as provided in paragraph (2), the amendments made by this section [amending this section] shall apply to taxable years beginning after .

“(2)

Modifications.—

The amendments made by subsections (c)(2) and (e) [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2014 Amendment

Pub. L. 113–295, div. A, title I, § 127(e), , 128 Stat. 4018, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2013 Amendment

Pub. L. 112–240, title III, § 315(e), , 126 Stat. 2331, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2010 Amendment

Pub. L. 111–312, title IV, § 402(f), , 124 Stat. 3307, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Amendment by section 737(b)(3) of Pub. L. 111–312 applicable to property placed in service after , see section 737(c) of Pub. L. 111–312, set out as a note under section 168 of this title.

Pub. L. 111–240, title II, § 2021(e), , 124 Stat. 2558, provided that:

“(1)

In general.—

Except as provided in paragraph (2), the amendments made by this section [amending this section] shall apply to property placed in service after , in taxable years beginning after such date.

“(2)

Extensions.—

The amendments made by subsections (c) and (d) shall apply to taxable years beginning after .”

Pub. L. 111–147, title II, § 201(b), , 124 Stat. 77, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2009 Amendment

Pub. L. 111–5, div. B, title I, § 1202(b), , 123 Stat. 335, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2008 Amendment

Pub. L. 110–343, div. C, title VII, § 711(b), , 122 Stat. 3929, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after , with respect [to] disasters declared after such date.”

Pub. L. 110–185, title I, § 102(b), , 122 Stat. 618, provided that: “The amendment made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2007 Amendment

Pub. L. 110–28, title VIII, § 8212(d), , 121 Stat. 193, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 2004 Amendment

Pub. L. 108–357, title VIII, § 910(b), , 118 Stat. 1660, provided that: “The amendment made by this section [amending this section] shall apply to property placed in service after the date of the enactment of this Act [].”

Effective Date of 2003 Amendment

Pub. L. 108–27, title II, § 202(f), , 117 Stat. 758, provided that: “The amendments made by this section [amending this section] shall apply to taxable years beginning after .”

Effective Date of 1996 Amendment

Pub. L. 104–188, title I, § 1111(b), , 110 Stat. 1758, provided that: “The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after .”

Amendment by section 1702(h)(10), (19) of Pub. L. 104–188 effective, except as otherwise expressly provided, as if included in the provision of the Revenue Reconciliation Act of 1990, Pub. L. 101–508, title XI, to which such amendment relates, see section 1702(i) of Pub. L. 104–188, set out as a note under section 38 of this title.

Effective Date of 1993 Amendment

Pub. L. 103–66, title XIII, § 13116(b), , 107 Stat. 432, provided that: “The amendment made by subsection (a) [amending this section] shall apply to taxable years beginning after .”

Effective Date of 1990 Amendment

Amendment by Pub. L. 101–508 applicable to property placed in service after , but not applicable to any transition property (as defined in section 49(e) of this title), any property with respect to which qualified progress expenditures were previously taken into account under section 46(d) of this title, and any property described in section 46(b)(2)(C) of this title, as such sections were in effect on , see section 11813(c) of Pub. L. 101–508, set out as a note under section 45K of this title.

Effective Date of 1988 Amendment

Amendment by Pub. L. 100–647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99–514, to which such amendment relates, see section 1019(a) of Pub. L. 100–647, set out as a note under section 1 of this title.

Effective Date of 1986 Amendment

Amendment by section 201(d)(3) of Pub. L. 99–514 applicable to property placed in service after , in taxable years ending after such date, with exceptions, see sections 203 and 204 of Pub. L. 99–514, set out as a note under section 168 of this title.

Amendment by section 201(d)(3) of Pub. L. 99–514 not applicable to any property placed in service before , if such property placed in service as part of specified rehabilitations, and not applicable to certain additional rehabilitations, see section 251(d)(2), (3) of Pub. L. 99–514, set out as a note under section 46 of this title.

Effective Date of 1984 Amendment

Amendment by Pub. L. 98–369 applicable to taxable years ending after , see section 18(a) of Pub. L. 98–369, set out as a note under section 48 of this title.

Effective Date of 1983 Amendment

Amendment by Pub. L. 97–448 effective, except as otherwise provided, as if it had been included in the provision of the Economic Recovery Tax Act of 1981, Pub. L. 97–34, to which such amendment relates, see section 109 of Pub. L. 97–448, set out as a note under section 1 of this title.

Effective Date of 1982 Amendment

Amendment by Pub. L. 97–354 applicable to taxable years beginning after , see section 6(a) of Pub. L. 97–354, set out as an Effective Date note under section 1361 of this title.

Effective Date of 1981 Amendment

Amendment by Pub. L. 97–34 applicable to property placed in service after , in taxable years ending after that date, see section 209(a) of Pub. L. 97–34, set out as an Effective Date note under section 168 of this title.

Effective Date of 1976 Amendment

Amendment by section 213(a) of Pub. L. 94–455 applicable in the case of partnership taxable years beginning after , see section 213(f) of Pub. L. 94–455, set out as an Effective Date note under section 709 of this title.

Effective Date of 1969 Amendment

Amendment by Pub. L. 91–172 applicable with respect to taxable years ending on or after , see section 401(h)(3) of Pub. L. 91–172, set out as a note under section 1561 of this title.

Effective Date of 1962 Amendment

Amendment by Pub. L. 87–834 applicable to taxable years beginning after , and ending after , see section 13(g) of Pub. L. 87–834, set out as an Effective Date note under section 1245 of this title.

Effective Date

Pub. L. 85–866, title II, § 204(c), , 72 Stat. 1680, provided that: “The amendments made by this section [enacting this section] shall apply with respect to taxable years ending after .”

Savings Provision

For provisions that nothing in amendment by Pub. L. 115–141 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to , for purposes of determining liability for tax for periods ending after , see section 401(e) of Pub. L. 115–141, set out as a note under section 23 of this title.

For provisions that nothing in amendment by Pub. L. 101–508 be construed to affect treatment of certain transactions occurring, property acquired, or items of income, loss, deduction, or credit taken into account prior to , for purposes of determining liability for tax for periods ending after , see section 11821(b) of Pub. L. 101–508, set out as a note under section 45K of this title.

Credits

1958–2025 · 29 acts
  1. 1958Added Pub. L. 85–866, title II, § 204(a), , 72 Stat. 1679
  2. 1962amended Pub. L. 87–834, § 13(c)(2), , 76 Stat. 1034
  3. 1969Pub. L. 91–172, title IV, § 401(f), , 83 Stat. 603
  4. 1976Pub. L. 94–455, title II, § 213(a), title XIX, § 1906(b)(13)(A), , 90 Stat. 1547, 1834
  5. 1981Pub. L. 97–34, title II, § 202(a), , 95 Stat. 219
  6. 1982Pub. L. 97–354, § 3(f), , 96 Stat. 1689
  7. 1983Pub. L. 97–448, title I, § 102(aa), , 96 Stat. 2369
  8. 1984Pub. L. 98–369, div. A, title I, § 13, , 98 Stat. 505
  9. 1986Pub. L. 99–514, title II, §§ 201(d)(3), 202, , 100 Stat. 2139, 2142
  10. 1988Pub. L. 100–647, title I, § 1002(a)(19), (b)(1), , 102 Stat. 3356, 3357
  11. 1990Pub. L. 101–508, title XI, § 11813(b)(11), , 104 Stat. 1388–554
  12. 1993Pub. L. 103–66, title XIII, § 13116(a), , 107 Stat. 432
  13. 1996Pub. L. 104–188, title I, §§ 1111(a), 1702(h)(10), (19), , 110 Stat. 1758, 1874
  14. 2003Pub. L. 108–27, title II, § 202(a)–(e), , 117 Stat. 757, 758
  15. 2004Pub. L. 108–357, title II, § 201, title VIII, § 910(a), , 118 Stat. 1429, 1659
  16. 2006Pub. L. 109–222, title I, § 101, , 120 Stat. 346
  17. 2007Pub. L. 110–28, title VIII, § 8212(a)–(c), , 121 Stat. 192
  18. 2008Pub. L. 110–185, title I, § 102(a), , 122 Stat. 618
  19. 2008Pub. L. 110–343, div. C, title VII, § 711(a), , 122 Stat. 3928
  20. 2009Pub. L. 111–5, div. B, title I, § 1202(a), , 123 Stat. 335
  21. 2010Pub. L. 111–147, title II, § 201(a), , 124 Stat. 77
  22. 2010Pub. L. 111–240, title II, § 2021(a)–(d), , 124 Stat. 2556, 2558
  23. 2010Pub. L. 111–312, title IV, § 402(a)–(e), title VII, § 737(b)(3), , 124 Stat. 3306, 3307, 3318
  24. 2013Pub. L. 112–240, title III, § 315(a)–(d), , 126 Stat. 2330, 2331
  25. 2014Pub. L. 113–295, div. A, title I, § 127(a)–(d), , 128 Stat. 4017
  26. 2015Pub. L. 114–113, div. Q, title I, § 124(a)–(f), , 129 Stat. 3053
  27. 2017Pub. L. 115–97, title I, §§ 11002(d)(1)(R), 13101(a)–(c), , 131 Stat. 2060, 2101, 2102
  28. 2018Pub. L. 115–141, div. U, title IV, § 401(b)(15)(A), (B), , 132 Stat. 1202
  29. 2025Pub. L. 119–21, title VII, § 70306(a), (b), , 139 Stat. 197.
Show as published

(Added Pub. L. 85–866, title II, § 204(a), , 72 Stat. 1679; amended Pub. L. 87–834, § 13(c)(2), , 76 Stat. 1034; Pub. L. 91–172, title IV, § 401(f), , 83 Stat. 603; Pub. L. 94–455, title II, § 213(a), title XIX, § 1906(b)(13)(A), , 90 Stat. 1547, 1834; Pub. L. 97–34, title II, § 202(a), , 95 Stat. 219; Pub. L. 97–354, § 3(f), , 96 Stat. 1689; Pub. L. 97–448, title I, § 102(aa), , 96 Stat. 2369; Pub. L. 98–369, div. A, title I, § 13, , 98 Stat. 505; Pub. L. 99–514, title II, §§ 201(d)(3), 202, , 100 Stat. 2139, 2142; Pub. L. 100–647, title I, § 1002(a)(19), (b)(1), , 102 Stat. 3356, 3357; Pub. L. 101–508, title XI, § 11813(b)(11), , 104 Stat. 1388–554; Pub. L. 103–66, title XIII, § 13116(a), , 107 Stat. 432; Pub. L. 104–188, title I, §§ 1111(a), 1702(h)(10), (19), , 110 Stat. 1758, 1874; Pub. L. 108–27, title II, § 202(a)–(e), , 117 Stat. 757, 758; Pub. L. 108–357, title II, § 201, title VIII, § 910(a), , 118 Stat. 1429, 1659; Pub. L. 109–222, title I, § 101, , 120 Stat. 346; Pub. L. 110–28, title VIII, § 8212(a)–(c), , 121 Stat. 192; Pub. L. 110–185, title I, § 102(a), , 122 Stat. 618; Pub. L. 110–343, div. C, title VII, § 711(a), , 122 Stat. 3928; Pub. L. 111–5, div. B, title I, § 1202(a), , 123 Stat. 335; Pub. L. 111–147, title II, § 201(a), , 124 Stat. 77; Pub. L. 111–240, title II, § 2021(a)–(d), , 124 Stat. 2556, 2558; Pub. L. 111–312, title IV, § 402(a)–(e), title VII, § 737(b)(3), , 124 Stat. 3306, 3307, 3318; Pub. L. 112–240, title III, § 315(a)–(d), , 126 Stat. 2330, 2331; Pub. L. 113–295, div. A, title I, § 127(a)–(d), , 128 Stat. 4017; Pub. L. 114–113, div. Q, title I, § 124(a)–(f), , 129 Stat. 3053; Pub. L. 115–97, title I, §§ 11002(d)(1)(R), 13101(a)–(c), , 131 Stat. 2060, 2101, 2102; Pub. L. 115–141, div. U, title IV, § 401(b)(15)(A), (B), , 132 Stat. 1202; Pub. L. 119–21, title VII, § 70306(a), (b), , 139 Stat. 197.)

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USLM identifier /us/usc/t26/s179