[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5465 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5465

To amend the Internal Revenue Code of 1986 to provide a 5-year recovery 
              period for computer-based gambling machines.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 28, 2010

  Mr. Heller (for himself, Ms. Berkley, and Ms. Titus) 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 5-year recovery 
              period for computer-based gambling machines.

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

SECTION 1. FIVE-YEAR RECOVER PERIOD FOR COMPUTER-BASED GAMBLING 
              MACHINES.

    (a) In General.--Subparagraph (B) of section 168(e)(3) of the 
Internal Revenue Code of 1986 is amended by striking ``and'' at the end 
of clause (vi)(III), by striking the period at the end of clause (vii) 
and inserting ``, and'', and by adding at the end the following new 
clause:
                            ``(viii) any computer-based gambling 
                        machine, including slot machines and video 
                        lottery terminals.''.
    (b) 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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