[Congressional Record Volume 164, Number 125 (Wednesday, July 25, 2018)]
[Senate]
[Page S5388]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3597. Mr. TOOMEY submitted an amendment intended to be proposed to 
amendment SA 3399 proposed by Mr. Shelby to the bill H.R. 6147, making 
appropriations for the Department of the Interior, environment, and 
related agencies for the fiscal year ending September 30, 2019, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. APPLICABLE RECOVERY PERIOD FOR QUALIFIED 
                   IMPROVEMENT PROPERTY.

       (a) In General.--None of the funds made available by this 
     Act may be used by the Internal Revenue Service to conduct 
     any enforcement activity related to the treatment of the 
     applicable recovery period of qualified improvement property 
     as a period of other than 15 years (20 years in the case of 
     property required to use the alternative depreciation system 
     under section 168(g) of the Internal Revenue Code of 1986), 
     consistent with the Joint Explanatory Statement of the 
     Committee of the Conference (House Report 115-466) 
     accompanying H.R. 1 of the 115th Congress (Public Law 115-
     97).
       (b) Definitions.--Any term used in this section which is 
     also used in section 168 of the Internal Revenue Code of 1986 
     shall have the meaning given such term under such section.
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