,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cbac  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bc1 #bjae ,mr4 
,williams introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to make #ajj p]c5t
 bonus depreciation p]man5t4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,fix$   
,asset ,relief ,act ( #bjae4  #b4 ,bonus
 depreciation increas$ to #ajj p]c5t &  
made p]man5t  7a7 ,increase ,section    
#afh7k77#a77;,a7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ #ej     
p]c5t & ins]t+ #ajj p]c5t4  7b7 ,made   
p]man5t ,section #afh7k77#b7 ( !        
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#b7 ,qualifi$       
prop]ty ,= purposes ( ?is subsection--  
7,a7 ,9 g5]al ,! t]m qualifi$ prop]ty   
means prop]ty-- 7i7 7,i7 to :i* ?is     
section applies :i* has a recov]y p]iod 
( #bj ye>s or less1  7,,ii7 :i* is      
comput] s(tw>e 7z def9$ 9 section       
#afg7;f77#a77;,b77 = :i* a d$uction is  

all[able "u section #afg7;a7 )\t reg>d  
to ?is subsection1  7,,iii7 :i* is wat] 
utility prop]ty1 or  7,,iv7 :i* is      
qualifi$ leasehold improvem5t prop]ty1 &
  7ii7 ! orig9al use ( :i* comm5ces ) ! 
taxpay]4  7,b7 ,exception = alt]native  
depreciation prop]ty ,! t]m qualifi$    
prop]ty %all n include any prop]ty to   
:i* ! alt]native depreciation sy/em "u  
subsection 7g7 applies1 det]m9$--  7i7  
)\t reg>d to p>agraph 7#g7 ( subsection 
7g7 7relat+ to election to h sy/em      
apply71 &  7ii7 aft] application (      
section #bhj;,f7b7 7relat+ to li/$      
prop]ty ) limit$ bus9ess use74  7,c7    
,special rules  7i7 ,sale-leasebacks ,= 
purposes ( clause 7ii7 & subp>agraph    
7,a77ii71 if prop]ty is-- 7,i7 orig9ally
 plac$ 9 s]vice by a p]son1 &  7,,ii7   
sold & leas$ back by su* p]son )9 #c    
mon?s aft] ! date su* prop]ty 0         
orig9ally plac$ 9 s]vice1  su* prop]ty  
%all be treat$ z orig9ally plac$ 9      
s]vice n e>li] ?an ! date on :i* su*    
prop]ty is us$ "u ! leaseback ref]r$ to 

9 subclause 7,,ii74  7ii7 ,syndication  
,= purposes ( subp>agraph 7,a77ii71 if--
 7,i7 prop]ty is orig9ally plac$ 9      
s]vice by ! lessor ( su* prop]ty1       
7,,ii7 su* prop]ty is sold by su* lessor
 or any subsequ5t pur*as] )9 #c mon?s   
aft] ! date su* prop]ty 0 orig9ally     
plac$ 9 s]vice 7or1 9 ! case ( multiple 
units ( prop]ty subject to ! same lease1
 )9 #c mon?s aft] ! date ! f9al unit is 
plac$ 9 s]vice1 s long z ! p]iod betwe5 
! "t ! fir/ unit is plac$ 9 s]vice & !  
"t ! la/ unit is plac$ 9 s]vice does n  
exce$ #ab mon?s71 &  7,,iii7 ! us] ( su*
 prop]ty aft] ! la/ sale dur+ su*       
#c-mon? p]iod rema9s ! same z :5 su*    
prop]ty 0 orig9ally plac$ 9 s]vice1  su*
 prop]ty %all be treat$ z orig9ally     
plac$ 9 s]vice n e>li] ?an ! date ( su* 
la/ sale4  7,d7 ,coord9ation ) section  
#bhj;,f ,= purposes ( section #bhj;,f-- 
7i7 ,automobiles ,9 ! case ( a pass5g]  
automobile 7z def9$ 9 section           
#bhj;,f7d77#e77 :i* is qualifi$ prop]ty1
 ! ,secret>y %all increase ! limitation 

"u section #bhj;,f7a77#a77;,a77i7 by    
#h1jjj4  7ii7 ,li/$ prop]ty ,! d$uction 
all[able "u p>agraph 7#a7 %all be tak5  
into acc\nt 9 comput+ any recapture     
am\nt "u section #bhj;,f7b77#b74  7iii7 
,inflation adju/m5t ,9 ! case ( any     
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjae1 ! #h1jjj am\nt 9 clause 7i7 %all 
be increas$ by an am\nt equal to--  7,i7
 su* doll> am\nt1 multipli$ by  7,,ii7 !
 automobile price inflation adju/m5t    
det]m9$ "u section                      
#bhj;,f7d77#g77;,b77i7 = ! cal5d> ye> 9 
:i* su* taxable ye> beg9s by sub/itut+  
#bjad = #aihg 9 subclause 7,,ii7 !re(4  
,if any increase "u ! prec$+ s5t5ce is n
 a multiple ( #ajj1 su* increase %all be
 r\nd$ to ! ne>e/ multiple ( #ajj4  7,e7
 ,d$uction all[$ 9 comput+ m9imum tax ,=
 purposes ( det]m9+ alt]native m9imum   
taxable income "u section #ee1 !        
d$uction "u section #afg = qualifi$     
prop]ty %all be det]m9$ )\t reg>d to any
 adju/m5t "u section #ef4  4  7c7       
,effective date ,! am5dm5ts made by ?is 

section %all apply to prop]ty plac$ 9   
s]vice aft] ,decemb] #ca1 #bjad4