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.