[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 2162 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 2162

 To amend the Internal Revenue Code of 1986 to more accurately codify 
    the depreciable life of printed wiring board and printed wiring 
                          assembly equipment.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 11, 1998

 Mr. Mack  (for himself and Mr. Grams) 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 more accurately codify 
    the depreciable life of printed wiring board and printed wiring 
                          assembly equipment.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Printed Circuit Investment Act of 
1998''.

SEC. 2. 3-YEAR DEPRECIABLE LIFE FOR PRINTED WIRING BOARD AND PRINTED 
              WIRING ASSEMBLY EQUIPMENT.

    (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 (ii), by striking 
the period at the end of clause (iii) and inserting ``, and'', and by 
adding at the end the following new clause:
                            ``(iv) any printed wiring board or printed 
                        wiring assembly equipment.''
    (b) 3-Year Class Life.--Subparagraph (B) of section 168(g)(3) of 
such Code is amended by inserting after the item relating to 
subparagraph (A)(iii) the following new item:

  ``(A)(iv)..........................................        3''.      
    (c) Effective Date.--The amendments made by this section shall 
apply to equipment placed in service after the date of the enactment of 
this Act.
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