[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 1287 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                S. 1287

 To amend the Internal Revenue Code of 1986 to raise the limitation on 
the election to accelerate the AMT credit in lieu of bonus depreciation 
                               for 2013.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 11, 2013

   Ms. Stabenow (for herself, Mr. Blunt, Mr. Brown, and Mr. Roberts) 
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 raise the limitation on 
the election to accelerate the AMT credit in lieu of bonus depreciation 
                               for 2013.

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

SECTION 1. TEMPORARY INCREASE IN LIMITATION ON ELECTION TO ACCELERATE 
              THE AMT CREDIT IN LIEU OF BONUS DEPRECIATION.

    (a) In General.--Subparagraph (J) of section 168(k)(4) of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new clause:
                            ``(v) Special maximum increase amount for 
                        2013.--In the case of round 3 extension 
                        property placed in service by a corporation--
                                    ``(I) subparagraph (C)(iii) shall 
                                not apply, and
                                    ``(II) the term `maximum increase 
                                amount' means an amount that is 50 
                                percent of the AMT credit increase 
                                amount determined with respect to such 
                                corporation under subparagraph (E).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2012, in taxable years 
ending after such date.
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