,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dhbb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #aj1 #bjad ,mr4 
,s*neid] 7= himself & ,mr4 ,rice ( ,s\? 
,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide = #ajj p]c5t  
bonus depreciation = manufactur+        
prop]ty4  #a4 ,%ort title ,?is ,act may 
be cit$ z ! ,accel]ate ,our             
,manufactur]s ,act4  #b4 #ajj ,p]c5t    
,bonus = ,manufactur+ ,prop]ty  7a7 ,9  
g5]al ,section #afh7k7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new p>agraph3  7#f7   
,special rule = manufactur+ prop]ty     
7,a7 ,9 g5]al ,9 ! case ( qualifi$      
manufactur+ prop]ty1 p>agraph 7#a77;,a7 
%all be appli$ by sub/itut+ #ajj p]c5t =
 #ej p]c5t4  7,b7 ,qualifi$ manufactur+ 
prop]ty ,= purposes ( ?is p>agraph--    
7i7 ,9 g5]al ,! t]m qualifi$ manufactur+
 prop]ty means qualifi$ prop]ty :i*--   
7,i7 is acquir$ by ! taxpay] aft]       

,decemb] #ca1 #bjac1 & be=e ,janu>y #a1 
#bjai1 plac$ 9 s]vice by ! taxpay] be=e 
,janu>y #a1 #bjai1 &  7,,ii7 us$ by a   
manufactur] to produce an article f new 
or raw mat]ial1 or f scrap1 salvage1 or 
junk mat]ial1 by process+ or *ang+ ! =m 
( an article or by comb9+ or assembl+   
two or m articles4  7ii7 ,c]ta9 rules   
made inapplicable ,! foll[+ provisions  
%all n apply3  7,i7 ,clauses 7iii7 &    
7iv7 ( p>agraph 7#b77;,a74  7,,ii7      
,clause 7ii7 ( p>agraph 7#b77;,b74  4   
7b7 ,election ,to accel]ate ! ,,amt     
,section #afh7k77#d7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+3  7,k7 ,special rules 
= qualifi$ manufactur+ prop]ty  7i7 ,9  
g5]al ,9 ! case ( qualifi$ manufactur+  
prop]ty 7z def9$ 9 p>agraph 7#f771 9    
apply+ ?is p>agraph to any taxpay]--    
7,i7 ! limitation describ$ 9 subp>agraph
 7,b77i7 & ! bus9ess cr$it increase     
am\nt "u subp>agraph 7,e77iii7 !re( %all
 n apply1 &  7,,ii7 ! bonus depreciation
 am\nt1 maximum am\nt1 & maximum        

increase am\nt %all be comput$          
sep>ately4  7ii7 ,election  7,i7 ,a     
taxpay] :o has an election 9 effect "u  
any prec$+ provision ( ?is p>agraph %all
 n be treat$ z hav+ an election 9 effect
 = qualifi$ manufactur+ prop]ty unless !
 taxpay] elects to h ?is p>agraph apply 
to qualifi$ manufactur+ prop]ty4  7,,ii7
 ,a taxpay] :o does n h an election 9   
effect "u any prec$+ provision ( ?is    
p>agraph may elect to h ?is p>agraph    
apply to qualifi$ manufactur+ prop]ty4  
4  7c7 ,effective date ,! am5dm5t made  
by subsection 7a7 %all apply to prop]ty 
plac$ 9 s]vice aft] ,decemb] #ca1 #bjac4