[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 494 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 494

   To amend the Internal Revenue Code of 1986 to expand the types of 
          livestock for which bonus depreciation is available.


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                   IN THE SENATE OF THE UNITED STATES

                             March 7, 2013

  Mr. Schumer 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 expand the types of 
          livestock for which bonus depreciation is available.

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

SECTION 1. EXPANSION OF LIVESTOCK AVAILABLE FOR BONUS DEPRECIATION.

    (a) In General.--Subparagraph (E) of section 168(k)(2) of the 
Internal Revenue Code of 1986 is amended by adding at the end the 
following new clause:
                            ``(v) Dairy producing calves and cows.--In 
                        the case of any dairy producing calf or cow, 
                        subparagraph (A) shall be applied without 
                        regard to clause (ii) thereof.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to property placed in service after December 31, 2012, in taxable 
years ending after such date.
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