,,ii  #aadth ,,congress  #ast ,session  
,s4 #idg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #ae1         
#bjae,mr4 ,inhofe introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to permanently  
extend the depreciation rules for       
property used predominantly within an   
,indian reservation4  #a4 ,permanent    
extension of depreciation rules for     
property on ,indian reservations  7a7   
,in general ,subsection 7j7 of section  
#afh of the ,internal ,revenue ,code of 
#aihf is amended by striking paragraph  
7#h74  7b7 ,effective date ,the         
amendment made by this section shall    
apply to property placed in service     
after ,december #ca1 #bjad4  #b4        
,election to have special depreciation  
rules not apply  7a7 ,in general        
,subsection 7j7 of section #afh of the  
,internal ,revenue ,code of #aihf1 as   
amended by section #a1 is amended--     

7#a7 by redesignating paragraph 7#g7 as 
paragraph 7#h71 and  7#b7 by inserting  
after paragraph 7#f7 the following new  
paragraph3  7#g7 ,election out ,if a    
taxpayer makes an election under this   
paragraph with respect to any class of  
property for any taxable year1 this     
subsection shall not apply to all       
property in such class placed in service
 during such taxable year4  4  7b7      
,effective date ,the amendment made by  
this section shall apply to property    
placed in service after ,december #ca1  
#bjad4