[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1039 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1039

 To amend the Internal Revenue Code of 1986 to permanently extend the 
 Indian employment credit and the depreciation rules for property used 
              predominantly within an Indian reservation.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 11, 2011

  Mr. Sullivan (for himself, Mr. Boren, Mr. Cole, Mr. Lucas, and Mr. 
  Lankford) 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 permanently extend the 
 Indian employment credit and the depreciation rules for property used 
              predominantly within an Indian reservation.

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

SECTION 1. PERMANENT EXTENSION OF INDIAN EMPLOYMENT CREDIT.

    (a) In General.--Section 45A of the Internal Revenue Code of 1986 
is amended by striking subsection (f).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2011.

SEC. 2. PERMANENT EXTENSION OF DEPRECIATION RULES FOR PROPERTY ON 
              INDIAN RESERVATIONS.

    (a) In General.--Subsection (j) of section 168 of the Internal 
Revenue Code of 1986 is amended by striking paragraph (8).
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2011.
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