A bill to amend the Internal Revenue Code of 1954 to allow small businesses to treat for purposes of the deduction for depreciation $100,000 of property placed in service during each taxable year as having a useful life of 3 years.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit taxpayers to elect to depreciate tangible personal property with a basis of less than $100,000 on a 36 month basis under the straight line method.…