S.Amdt. 3188

SA 3188. Mr. THUNE (for himself, Mr. McConnell, Mr. Roberts, Mr.
Isakson, and Mr. Flake) submitted an amendment intended to be proposed
to amendment SA 3060 proposed by Mr. Wyden to the bill H.R. 3474, to
amend the Internal Revenue Code of 1986 to allow employers to exempt
employees with health coverage under TRICARE or the Veterans
Administration from being taken into account for purposes of the
employer mandate under the Patient Protection and Affordable Care Act;
which was ordered to lie on the table; as follows:

Strike section 127 and insert the following:

SEC. 127. PERMANENT EXTENSION OF EXPENSING CERTAIN
DEPRECIABLE BUSINESS ASSETS FOR SMALL BUSINESS.

(a) In General.--
(1) Dollar limitation.--Paragraph (1) of section 179(b) is
amended by striking ``shall not exceed--'' and all that
follows and inserting ``shall not exceed $500,000.''.
(2) Reduction in limitation.--Paragraph (2) of section
179(b) is amended by striking ``exceeds--'' and all that
follows and inserting ``exceeds $2,000,000.''.
(b) Computer Software.--Clause (ii) of section 179(d)(1)(A)
is amended by striking ``, to which section 167 applies, and
which is placed in service in a taxable year beginning after
2002 and before 2014'' and inserting ``and to which section
167 applies''.
(c) Election.--Paragraph (2) of section 179(c) is amended--
(1) by striking ``may not be revoked'' and all that follows
through ``and before 2014'', and
(2) by striking ``irrevocable'' in the heading thereof.
(d) Air Conditioning and Heating Units.--Paragraph (1) of
section 179(d) is amended by striking ``and shall not include
air conditioning or heating units''.
(e) Qualified Real Property.--Subsection (f) of section 179
is amended--
(1) by striking ``beginning in 2010, 2011, 2012, or 2013''
in paragraph (1), and
(2) by striking paragraphs (3) and (4).
(f) 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 after 2014, the dollar 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(c)(2)(A) for such calendar year, determined by
substituting calendar year 2013 for calendar year 2012 in
clause (ii) thereof.
``(B) Rounding.--The amount of any increase under
subparagraph (A) shall be rounded to the nearest multiple of
$10,000.''.
(g) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2013.
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