,,ii  #aad? ,,congress  #a/ ,session    
,s4 #afff  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bd1 #bjae,ms4   
,/ab5[ 7= h]self1 ,mr4 ,rob]ts1 ,mr4    
,br[n1 & ,mr4 ,blunt7 introduc$ ! foll[+
 bill2 :i* 0 read twice & ref]r$ to !   
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 increase ! limitation on ! election to 
accel]ate ! ,,amt cr$it 9 lieu ( bonus  
depreciation = #bjae & #bjaf1 & = o!r   
purposes4  #a4 ,ext5sion ( bonus        
depreciation  7a7 ,9 g5]al ,p>agraph    
7#b7 ( section #afh7k7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$--  7#a7  
by /rik+ ,janu>y #a1 #bjaf 9 subp>agraph
 7,a77iv7 & ins]t+ ,janu>y #a1 #bjah1 & 
7#b7 by /rik+ ,janu>y #a1 #bjae ea*     
place x appe>s & ins]t+ ,janu>y #a1     
#bjag4  7b7 ,special rule = ,f$]al      
long-,t]m contracts ,clause 7ii7 (      
section #dfj7;c77#f77;,b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
,janu>y #a1 #bjae 7,janu>y #a1 #bjaf &  
ins]t+ ,janu>y #a1 #bjag 7,janu>y #a1   

#bjah4  7c7 ,con=m+ ,am5dm5ts  7#a7 ,!  
head+ = subsection 7k7 ( section #afh ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by /rik+ ,janu>y #a1 #bjae &      
ins]t+ ,janu>y #a1 #bjag4  7#b7 ,! head+
 = clause 7ii7 ( section                
#afh7k77#b77;,b7 ( su* ,code is am5d$ by
 /rik+ ,pre-,janu>y #a1 #bjae & ins]t+  
,pre-,janu>y #a1 #bjag4  7#c7 ,section  
#afh7k77#d77;,d77iii77,,ii7 ( su* ,code 
is am5d$ by /rik+ ,janu>y #a1 #bjae &   
ins]t+ ,janu>y #a1 #bjag4  7#d7 ,section
 #afh7l77#d7 ( su* ,code is am5d$ by    
/rik+ & at ! end ( subp>agraph 7,a71 by 
r$esignat+ subp>agraph 7,b7 z           
subp>agraph 7,c71 & by ins]t+ aft]      
subp>agraph 7,a7 ! foll[+ new           
subp>agraph3  7,b7 by sub/itut+ ,janu>y 
#a1 #bjae = ,janu>y #a1 #bjag 9 clause  
7i7 !re(1 &  4  7#e7 ,clause 7ii7 (     
section #afh7n77#b77;,c7 ( su* ,code is 
am5d$ by /rik+ ,janu>y #a1 #bjae &      
ins]t+ ,janu>y #a1 #bjag4  7#f7         
,subp>agraph 7,d7 ( section             
#adjj,l7b77#b7 ( su* ,code is am5d$ by  

/rik+ ,janu>y #a1 #bjae & ins]t+ ,janu>y
 #a1 #bjag4  7#g7 ,subp>agraph 7,b7 (   
section #adjj,n7d77#c7 ( su* ,code is   
am5d$ by /rik+ ,janu>y #a1 #bjae &      
ins]t+ ,janu>y #a1 #bjag4  7d7 ,election
 ,to ,accel]ate ! ,,amt ,cr$it 9 ,lieu (
 ,bonus ,depreciation ,p>agraph 7#d7 (  
section #afh7k7 ( su* ,code is am5d$ by 
add+ at ! end ! foll[+ new subp>agraph3 
7,l7 ,special rules = r\nd #e ext5sion  
prop]ty  7i7 ,9 g5]al ,9 ! case ( any   
r\nd #e ext5sion prop]ty1 9 apply+ ?is  
p>agraph to any taxpay]1 ! limitation   
describ$ 9 subp>agraph 7,b77i7 & !      
bus9ess cr$it increase am\nt "u         
subp>agraph 7,e77iii7 !re( %all n apply1
 & ! bonus depreciation am\nt1 maximum  
am\nt1 & maximum increase am\nt--  7,i7 
%all be comput$ sep>ately f am\nts      
comput$ ) respect to eligible qualifi$  
prop]ty :i* is n r\nd #e ext5sion       
prop]ty1 &  7,,ii7 %all be comput$      
sep>ately ) respect to r\nd #e ext5sion 
prop]ty plac$ 9 s]vice be=e ,janu>y #a1 
#bjaf 7,janu>y #a1 #bjag1 9 ! case (    

prop]ty describ$ 9 subp>agraph 7,b7 or  
7,c7 ( p>agraph 7#b77 & ) respect to o!r
 r\nd #e ext5sion prop]ty4  7ii7        
,election  7,i7 ,a taxpay] :o has an    
election 9 effect "u ?is p>agraph = r\nd
 #d ext5sion prop]ty %all be treat$ z   
hav+ an election 9 effect = r\nd #e     
ext5sion prop]ty unless ! taxpay] elects
 to n h ?is p>agraph apply to r\nd #e   
ext5sion prop]ty4  7,,ii7 ,a taxpay] :o 
does n h an election 9 effect "u ?is    
p>agraph = r\nd #d ext5sion prop]ty may 
elect to h ?is p>agraph apply to r\nd #e
 ext5sion prop]ty4  7iii7 ,r\nd #e      
ext5sion prop]ty ,= purposes ( ?is      
subp>agraph1 ! t]m r\nd #e ext5sion     
prop]ty means prop]ty :i* is eligible   
qualifi$ prop]ty solely by reason ( !   
ext5sion ( ! application ( ! special    
all[ance "u p>agraph 7#a7 pursuant to ! 
am5dm5ts made by section #a ( ! ,act    
entitl$ an ,act to am5d ! ,int]nal      
,rev5ue ,code ( #aihf to increase !     
limitation on ! election to accel]ate ! 
,,amt cr$it 9 lieu ( bonus depreciation 

= #bjae & #bjaf1 & = o!r purposes 7& !  
application ( su* ext5sion to ?is       
p>agraph pursuant to ! am5dm5t made by  
section #a7;d7 ( su* ,act74  7iv7       
,special maximum increase am\nt ,9 !    
case ( r\nd #e ext5sion prop]ty plac$ 9 
s]vice by a corporation1 subp>agraph    
7,c77iii7 %all n apply & ! t]m maximum  
increase am\nt %all mean an am\nt equal 
to ! less] (--  7,i7 #ej p]c5t ( !      
m9imum tax cr$it "u section #ec7;b7 = ! 
fir/ taxable ye> end+ aft] ,decemb] #ca1
 #bjad1 or  7,,ii7 ! m9imum tax cr$it "u
 section #ec7;b7 = su* taxable ye>      
det]m9$ by tak+ into acc\nt only !      
adju/$ net m9imum tax = taxable ye>s    
end+ be=e ,janu>y #a1 #bjae 7det]m9$ by 
treat+ cr$its z all[$ on a fir/-91      
fir/-out basis74  4  7e7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to prop]ty plac$ 9 s]vice aft]    
,decemb] #ca1 #bjad1 9 taxable ye>s end+
 aft] su* date4