113 S1287 IS: To amend the Internal Revenue Code of 1986 to raise the limitation on the election to accelerate the AMT credit in lieu of bonus depreciation for 2013. U.S. Senate 2013-07-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II 113th CONGRESS 1st Session S. 1287 IN THE SENATE OF THE UNITED STATES July 11, 2013 Ms. Stabenow (for herself, Mr. Blunt, Mr. Brown, and Mr. Roberts) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to raise the limitation on the election to accelerate the AMT credit in lieu of bonus depreciation for 2013.

1.

Temporary increase in limitation on election to accelerate the AMT credit in lieu of bonus depreciation

(a)

In general

Subparagraph (J) of section 168(k)(4) of the Internal Revenue Code of 1986 is amended by adding at the end the following new clause: (v)

Special maximum increase amount for 2013

In the case of round 3 extension property placed in service by a corporation— (I)subparagraph (C)(iii) shall not apply, and (II)the term maximum increase amount means an amount that is 50 percent of the AMT credit increase amount determined with respect to such corporation under subparagraph (E). . (b)

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2012, in taxable years ending after such date.