110 HR 1839 IH: To amend the Internal Revenue Code of 1986 to provide a U.S. House of Representatives 2007-03-29 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 1839 IN THE HOUSE OF REPRESENTATIVES March 29, 2007 Mr. Smith of Nebraska (for himself, Mr. Weldon of Florida, Mr. Roskam, Mr. Franks of Arizona, Mr. Feeney, Mrs. Musgrave, Mr. Bartlett of Maryland, Mr. Marchant, Mr. Kuhl of New York, and Mr. Cantor) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for nonresidential real property in rural areas.

1.

15-year recovery period for nonresidential real property in rural areas

(a)

In general

Subparagraph (E) of section 168(e)(3) of the Internal Revenue Code of 1986 (relating to 15-year property) is amended by striking and at the end of clause (vii), by striking the period at the end of clause (viii) and inserting , and, and by adding at the end the following new clause: (ix)any nonresidential real property placed in service in a rural area (as defined in section 1393(a)(2)). . (b)

Effective date

The amendment made by this section shall apply to property placed in service after the date of the enactment of this Act.