INCREASE IN EXPENSE TREATMENT FOR SMALL BUSINESSES.

SEC. 1111. INCREASE IN EXPENSE TREATMENT FOR SMALL BUSINESSES. (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.”. (b) Effective Date.— The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1996.