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II
116TH CONGRESS
1ST SESSION
S. 1216
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 11, 2019
Mr. INHOFE 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 predomi-
nantly within an Indian reservation.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. PERMANENT EXTENSION OF DEPRECIATION
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RULES FOR PROPERTY ON INDIAN RESERVA-
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TIONS.
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(a) IN GENERAL.—Subsection (j) of section 168 of
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the Internal Revenue Code of 1986 is amended by striking
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paragraph (9).
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•S 1216 IS
(b) EFFECTIVE DATE.—The amendment made by
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this section shall apply to property placed in service after
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December 31, 2017.
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