Hiring Incentives to Restore Employment Act/Title II

SEC. 201. INCREASE IN EXPENSING OF CERTAIN DEPRECIABLE BUSINESS ASSETS.

 * (a) In General- Subsection (b) of section 179 is amended--
 * (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)',
 * (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)',
 * (3) by striking paragraphs (5) and (7), and
 * (4) by redesignating paragraph (6) as paragraph (5).
 * (b) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2009.