EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY.

SEC. 127. EXTENSION OF INCREASED EXPENSING LIMITATIONS AND TREATMENT OF CERTAIN REAL PROPERTY AS SECTION 179 PROPERTY.(a) In General.—(1) Dollar limitation.—Section 179(b)(1) is amended—(A) by striking “beginning in 2010, 2011, 2012, or 2013” in subparagraph (B) and inserting “beginning after 2009 and before 2015”, and(B) by striking “2013” in subparagraph (C) and inserting “2014”.(2) Reduction in limitation.—Section 179(b)(2) is amended—(A) by striking “beginning in 2010, 2011, 2012, or 2013” in subparagraph (B) and inserting “beginning after 2009 and before 2015”, and(B) by striking “2013” in subparagraph (C) and inserting “2014”.(b) Computer Software.—Section 179(d)(1)(A)(ii) is amended by striking “2014” and inserting “2015”.(c) Election.—Section 179(c)(2) is amended by striking “2014” and inserting “2015”.(d) Special Rules for Treatment of Qualified Real Property.—(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”.(2) Carryover limitation.—(A) In general.—Section 179(f)(4) is amended by striking “2013” each place it appears and inserting “2014”.(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”.128 STAT. 4018(e) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2013.