,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dhai  ,,in ,,the ,,house ,,of  
,,representatives  ,june #i1 #bjad ,mr4 
,murphy of ,florida 7for himself and    
,mr4 ,chabot7 introduced the following  
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to direct the ,secretary of the
 ,treasury to develop and submit class  
life recommendations for depreciable    
assets4  #a4 ,short title ,this ,act may
 be cited as the ,jobs ,investment ,act 
of #bjad4  #b4 ,class life              
recommendations  7a7 ,in general ,the   
,secretary of the ,treasury shall1 based
 on the monitoring and analysis of      
actual experience with respect to       
depreciable property under section      
#afh7;i77#a7 of the ,internal ,revenue  
,code of #aihf1 develop recommendations 
for prescribing to any depreciable      
property a class life1 classification1  
or recovery period that more equitably  
provides for capital cost recovery      
across all industries without any       

significant effect on total tax revenue4
  7b7 ,proposal ,not later than ,january
 #ca1 #bjai1 and every #e years         
thereafter1 the ,secretary shall submit 
to the ,committee on ,ways and ,means of
 the ,house of ,representatives and the 
,committee on ,finance of the ,senate   
the recommendations developed under     
subsection 7a74