124 STAT. 2558 PUBLIC LAW 111–240—SEPT. 27, 2010 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 subpara- graph (B) of this paragraph) shall be taken into account.’’. (c) REVOCABILITY OF ELECTION.—Paragraph (2) of section 179(c) of the Internal Revenue Code of 1986 is amended by striking ‘‘2011’’ and inserting ‘‘2012’’. (d) COMPUTER SOFTWARE TREATED AS 179 PROPERTY.—Clause (ii) of section 179(d)(1)(A) is amended by striking ‘‘2011’’ and inserting ‘‘2012’’. (e) EFFECTIVE DATES.— (1) IN GENERAL.—Except as provided in paragraph (2), the amendments made by this section shall apply to property placed in service after December 31, 2009, in taxable years beginning after such date. (2) EXTENSIONS.—The amendments made by subsections (c) and (d) shall apply to taxable years beginning after December 31, 2010. SEC. 2022. ADDITIONAL FIRST-YEAR DEPRECIATION FOR 50 PERCENT OF THE BASIS OF CERTAIN QUALIFIED PROPERTY. (a) IN GENERAL.—Paragraph (2) of section 168(k) of the Internal Revenue Code of 1986 is amended— (1) by striking ‘‘January 1, 2011’’ in subparagraph (A)(iv) and inserting ‘‘January 1, 2012’’, and (2) by striking ‘‘January 1, 2010’’ each place it appears and inserting ‘‘January 1, 2011’’. (b) CONFORMING AMENDMENTS.— (1) The heading for subsection (k) of section 168 of the Internal Revenue Code of 1986 is amended by striking ‘‘JANUARY 1, 2010’’ and inserting ‘‘JANUARY 1, 2011’’. (2) The heading for clause (ii) of section 168(k)(2)(B) of such Code is amended by striking ‘‘PRE-JANUARY 1, 2010’’ and inserting ‘‘PRE-JANUARY 1, 2011’’. (3) Subparagraph (D) of section 168(k)(4) of such Code is amended by striking ‘‘and’’ at the end of clause (ii), by striking the period at the end of clause (iii) and inserting a comma, and by adding at the end the following new clauses: ‘‘(iv) ‘January 1, 2011’ shall be substituted for ‘January 1, 2012’ in subparagraph (A)(iv) thereof, and ‘‘(v) ‘January 1, 2010’ shall be substituted for ‘January 1, 2011’ each place it appears in subpara- graph (A) thereof.’’. (4) Subparagraph (B) of section 168(l)(5) of such Code is amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2011’’. (5) Subparagraph (C) of section 168(n)(2) of such Code is amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2011’’. (6) Subparagraph (D) of section 1400L(b)(2) of such Code is amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2011’’. (7) Subparagraph (B) of section 1400N(d)(3) of such Code is amended by striking ‘‘January 1, 2010’’ and inserting ‘‘January 1, 2011’’. 26 USC 1400N. 26 USC 1400L. 26 USC 168. Applicability. 26 USC 179 note. 26 USC 179.
