[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 1728 Introduced in Senate (IS)]








109th CONGRESS
  1st Session
                                S. 1728

 To amend the Internal Revenue Code of 1986 to permanently extend the 
 Indian employment credit and the depreciation rules for property used 
              predominantly within an Indian reservation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 20, 2005

  Mr. Inhofe 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 permanently extend the 
 Indian employment credit and the depreciation rules for property used 
              predominantly 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. PERMANENT EXTENSION OF INDIAN EMPLOYMENT CREDIT AND 
              DEPRECIATION RULES FOR PROPERTY ON INDIAN RESERVATIONS.

    (a) Employment Credit.--Section 45A of the Internal Revenue Code of 
1986 (relating to Indian employment credit) is amended by striking 
subsection (f).
    (b) Depreciation Rules.--Subsection (j) of section 168 of such Code 
(relating to property on Indian reservations) is amended by striking 
paragraph (8).
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