The House passed H.R. 5297, the Small Business Jobs Act of 2010 (the “Act”) on September 23. The measure had been previously passed by the Senate and is expected to be signed into law on September 27, 2010 by the President. The Act includes a number of important tax provisions, including: a liberalized and expanded expensing for 2010 and 2011, revived bonus depreciation for 2010, five-year carryback of unused general business credits for eligible small businesses and other important provisions.