[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5612 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5612

To amend the Internal Revenue Code of 1986 to waive the deadline on the 
     construction of GO Zone property which is eligible for bonus 
                             depreciation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 2008

 Mr. Taylor (for himself, Mr. Melancon, Mr. Jefferson, Mr. Thompson of 
 Mississippi, and Mr. Pickering) 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 waive the deadline on the 
     construction of GO Zone property which is eligible for bonus 
                             depreciation.

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

SECTION 1. WAIVER OF DEADLINE ON CONSTRUCTION OF GO ZONE PROPERTY 
              ELIGIBLE FOR BONUS DEPRECIATION.

    (a) In General.--Subparagraph (B) of section 1400N(d)(3) is amended 
to read as follows:
                    ``(B) without regard to `and before January 1, 
                2009' in clause (i) thereof,''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2007.
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