[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2675 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2675

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


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                   IN THE SENATE OF THE UNITED STATES

                             April 16, 2018

  Mr. Inhofe introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend 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 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 (9).
    (b) Effective Date.--The amendment made by this section shall apply 
to property placed in service after December 31, 2017.
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