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S. 1834 (113th): A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

The text of the bill below is as of Dec 17, 2013 (Introduced).


II

113th CONGRESS

1st Session

S. 1834

IN THE SENATE OF THE UNITED STATES

December 17, 2013

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 permanently extend the depreciation rules for property used predominantly within an Indian reservation.

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 (8).

(b)

Effective date

The amendment made by this section shall apply to property placed in service after December 31, 2013.