[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2103 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2103

    To amend the Internal Revenue Code of 1986 with respect to the 
            depreciation period for tuxedos held for rental.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 12, 1993

Mr. Lewis of Georgia introduced the following bill; which was referred 
                   to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 with respect to the 
            depreciation period for tuxedos held for rental.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEPRECIATION PERIOD FOR TUXEDOS HELD FOR RENTAL.

    (a) In General.--Subparagraph (A) of section 168(e)(3) of the 
Internal Revenue Code of 1986 (relating to classification of property) 
is amended by striking ``and'' at the end of clause (i), by striking 
the period at the end of clause (ii) and inserting ``, and'', and by 
adding at the end thereof the following new clause:
                            ``(iii) any tuxedo held for rental.''
    (b) 2-Year Class Life.--The table contained in section 168(g)(3)(B) 
of such Code is amended by inserting above the item relating to 
subparagraph (B)(ii) the following new item:

                          ``(A)(iii).................    2''.          
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 1992.

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