[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7597]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1728. Mr. HATCH submitted an amendment intended to be proposed to 
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself 
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation 
pursuant to titles II and V of the concurrent resolution on the budget 
for fiscal year 2018; which was ordered to lie on the table; as 
follows:

       On page 164, strike lines 5 through 25, and insert the 
     following:
       (c) Effective Date.--
       (1) In general.--
       (A) Application.--Except as provided in paragraph (2), the 
     amendments made by this section shall apply to property 
     placed in service after December 31, 2017.
       (B) Shorter recovery period or more accelerated 
     depreciation method.--In the case of property placed in 
     service before January 1, 2018, if the amendments made by 
     this section result in--
       (i) an applicable recovery period which is less than the 
     remaining applicable recovery period for such property before 
     enactment of such amendments, or
       (ii) an applicable depreciation method which is more 
     accelerated than the applicable depreciation method for such 
     property before enactment of such amendments,
     the depreciation deduction for such property shall, for any 
     taxable year beginning after December 31, 2017, be determined 
     as if such property were placed in service on January 1, 
     2018.
       (2) Amendments related to electing real property trade or 
     business.--The amendments made by subsection (b)(4)(A) shall 
     apply to taxable years beginning after December 31, 2017.
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