[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 2761 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 2761

    To amend the Internal Revenue Code of 1986 to extend the bonus 
 depreciation deduction applicable to the Gulf Opportunity Zone for 2 
                           additional years.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 10, 2009

  Mr. Wicker (for himself, Mr. Cochran, Mr. Vitter, and Ms. Landrieu) 
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 extend the bonus 
 depreciation deduction applicable to the Gulf Opportunity Zone for 2 
                           additional years.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``GO Zone Bonus Depreciation Extension 
Act''.

SEC. 2. EXTENSION OF BONUS DEPRECIATION DEDUCTION APPLICABLE TO THE 
              GULF OPPORTUNITY ZONE FOR 2 ADDITIONAL YEARS.

    (a) In General.--Paragraph (6) of section 1400N(d) of the Internal 
Revenue Code of 1986 is amended by striking ``2010'' each place it 
appears and inserting ``2012''.
    (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.
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