II 109th CONGRESS 1st Session S. 1728 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.

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).