[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 470 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 470

    To amend the Internal Revenue Code of 1986 to make a technical 
 correction relating to depreciation on property used within an Indian 
                              reservation.


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                   IN THE SENATE OF THE UNITED STATES

                             March 18, 1997

Mr. Roth (for himself and Mr. Moynihan) 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 make a technical 
 correction relating to depreciation on property used within an Indian 
                              reservation.

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

SECTION 1. TECHNICAL CORRECTION RELATING TO DEPRECIATION ON PROPERTY 
              USED WITHIN AN INDIAN RESERVATION.

    (a) In General.--Paragraph (6) of section 168(j) of the Internal 
Revenue Code of 1986 (relating to property on Indian reservations) is 
amended to read as follows:
            ``(6) Indian reservation defined.--For purposes of this 
        subsection, the term `Indian reservation' means a reservation 
        as defined in section 4(10) of the Indian Child Welfare Act of 
        1978 (25 U.S.C. 1903(10)).''
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect as if included in the amendment made by section 13321 of 
the Revenue Reconciliation Act of 1993.
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