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

[AI summary unavailable — showing source text] [Congressional Bills 117th Congress] [From the U.S. Government Publishing Office] [S. 1149 Introduced in Senate (IS)] <DOC> 117th CONGRESS 1st Session S. 1149 To amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 15, 2021 Mr. Inhofe (for himself, Mr. Rounds, Mr. Blunt, and Ms. Lummis) 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. 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 secti…