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

S. 3425 · 114th Congress · Sep 28, 2016 · Lineage

A BILL

(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, 2016.

(a)

In general— Paragraph (8) of section 168(j) of the Internal Revenue Code of 1986 is amended by striking the second sentence.

(b)

Effective date— The amendment made by this section shall apply to property placed in service after December 31, 2016.