[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2715 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 2715

To amend the Internal Revenue Code of 1986 to include heavier vehicles 
  in the limitation on the depreciation of certain luxury automobiles.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 14, 2007

Mr. Blumenauer (for himself, Mr. Markey, Mr. Emanuel, and Ms. Schwartz) 
 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 include heavier vehicles 
  in the limitation on the depreciation of certain luxury automobiles.

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

SECTION 1. INCLUSION OF HEAVIER VEHICLES IN LIMITATION ON DEPRECIATION 
              OF CERTAIN LUXURY AUTOMOBILES.

    (a) In General.--Subparagraph (A) of section 280F(d)(5) of the 
Internal Revenue Code of 1986 (defining passenger automobile) is 
amended by striking clauses (i) and (ii) and inserting the following 
new clauses:
                            ``(i) which is primarily designed or which 
                        can be used to carry passengers over public 
                        streets, roads, or highways (except any vehicle 
                        operated exclusively on a rail or rails), and
                            ``(ii) which is rated at 14,000 pounds 
                        unloaded gross vehicle weight or less.''.
    (b) Exception.--Subparagraph (B) of section 280F(d)(5) of such Code 
is amended by striking ``and'' at the end of clause (ii), by 
redesignating clause (iii) as clause (iv), and by inserting after 
clause (ii) the following new clause:
                            ``(iii) any vehicle which--
                                    ``(I) is designed for more than 9 
                                individuals in seating rearward of the 
                                driver's seat,
                                    ``(II) is equipped with an open 
                                cargo area, or a covered box not 
                                readily accessible from the passenger 
                                compartment, of at least 72.0 inches in 
                                interior length, or
                                    ``(III) has an integral enclosure, 
                                fully enclosing the driver compartment 
                                and load carrying device, does not have 
                                seating rearward of the driver's seat, 
                                and has no body section protruding more 
                                than 30 inches ahead of the leading 
                                edge of the windshield, and''.
    (c) Conforming Amendment.--Subsection (b) of section 179 of such 
Code is amended by striking paragraph (6).
    (d) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act.
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