,i #aag? ,,congress #a/ ,session ,h4 ,r4 #efdi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #bj1 #bjba,mr4 ,roy 7= himself1 ,mr4 ,web] ( ,texas1 ,mr4 ,caw?orn1 ,mr4 ,gos>1 ,mr4 ,van ,drew1 ,mrs4 ,boeb]t1 ,mr4 ,gohm]t1 ,mr4 ,/eube1 ,mrs4 ,mill] ( ,ill9ois1 ,mr4 ,bi%op ( ,nor? ,c>ol9a1 ,mr4 ,good ( ,virg9ia1 ,mrs4 ,fis*ba*1 & ,mr4 ,budd7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to provide inc5tives = relocat+ manufactur+ to ! ,unit$ ,/ates1 p]man5t full exp5s+ = qualifi$ prop]ty1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,br+ ,entrepr5eurial ,advancem5ts ,to ,consum]s ,"h ,9 ,nor? ,am]ica ,act4 #b4 ,tax inc5tives = relocat+ manufactur+ to ! ,unit$ ,/ates 7a7 ,accel]at$ depreciation = nonresid5tial real prop]ty ,section #afh ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7n7 ,accel]at$ depreciation = nonresid5tial real prop]ty acquir$ 9 connection ) ! relocation ( manufactur+ to ! ,unit$ ,/ates 7#a7 ,treatm5t z #bj-ye> prop]ty ,= purposes ( ?is section1 qualifi$ nonresid5tial real prop]ty %all be treat$ z #bj-ye> prop]ty4 7#b7 ,application ( bonus depreciation ,= application ( bonus depreciation to qualifi$ nonresid5tial real prop]ty1 see subsection 7k74 7#c7 ,qualifi$ nonresid5tial real prop]ty ,= purposes ( ?is subsection1 ! t]m qualifi$ nonresid5tial real prop]ty means nonresid5tial real prop]ty plac$ 9 s]vice 9 ! ,unit$ ,/ates by a qualifi$ manufactur] if su* prop]ty is acquir$ by su* qualifi$ manufactur] 9 connection ) a qualifi$ relocation ( manufactur+4 7#d7 ,qualifi$ manufactur] ,= purposes ( ?is subsection1 ! t]m qualifi$ manufactur] means any p]son engag$ 9 ! trade or bus9ess ( manufactur+ any tangible p]sonal prop]ty4 7#e7 ,qualifi$ relocation ( manufactur+ ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m qualifi$ relocation ( manufactur+ means1 ) respect to any qualifi$ manufactur]1 ! relocation ( ! manufactur+ ( any tangible p]sonal prop]ty f a =eign c\ntry to ! ,unit$ ,/ates4 7,b7 ,relocation ( prop]ty n requir$ ,= purposes ( subp>agraph 7,a71 manufactur+ %all n fail to be treat$ z relocat$ m]ely because prop]ty us$ 9 su* manufactur+ 0 n relocat$4 7,c7 ,relocation ( n less ?an equival5t productive capacity requir$ ,= purposes ( subp>agraph 7,a71 manufactur+ %all n be treat$ z relocat$ unless ! prop]ty manufactur$ 9 ! ,unit$ ,/ates is sub/antially id5tical to ! prop]ty previ\sly manufactur$ 9 a =eign c\ntry & ! increase 9 ! units ( production ( su* prop]ty 9 ! ,unit$ ,/ates by ! qualifi$ manufactur] is n less ?an ! r$uction 9 ! units ( production ( su* prop]ty 9 su* =eign c\ntry by su* qualifi$ manufactur]4 7#f7 ,application to possessions ( ! ,unit$ ,/ates ,= purposes ( ?is subsection1 ! t]m ,unit$ ,/ates includes any possession ( ! ,unit$ ,/ates4 4 7b7 ,exclusion ( ga9 on disposition ( prop]ty 9 connection ) qualifi$ relocation ( manufactur+ 7#a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] section #aci;,h ! foll[+ new section3 #aci;,i4 ,exclusion ( ga9 on disposition ( prop]ty 9 connection ) qualifi$ relocation ( manufactur+ 7a7 ,9 g5]al ,9 ! case ( a qualifi$ manufactur]1 gross income %all n include ga9 f ! sale or ex*ange ( qualifi$ relocation disposition prop]ty4 7b7 ,qualifi$ relocation disposition prop]ty ,= purposes ( ?is section1 ! t]m qualifi$ relocation disposition prop]ty means any prop]ty :i*-- 7#a7 is sold or ex*ang$ by a qualifi$ manufactur] 9 connection ) a qualifi$ relocation ( manufactur+1 & 7#b7 0 us$ by su* qualifi$ manufactur] 9 ! trade or bus9ess ( manufactur+ any tangible p]sonal prop]ty 9 ! =eign c\ntry f :i* su* manufactur+ is be+ relocat$4 7c7 ,o!r t]ms ,t]ms us$ 9 ?is section :i* are also us$ 9 subsection 7n7 ( section #afh %all h ! same mean+ :5 us$ 9 ?is section z :5 us$ 9 su* subsection4 4 7#b7 ,cl]ical am5dm5t ,! table ( sections = "p ,,iii ( sub*apt] ,b ( *apt] #a ( su* ,code is am5d$ by ins]t+ aft] ! item relat+ to section #aci;,h ! foll[+ new item3 ,sec4 #aci;,i4 ,exclusion ( ga9 on disposition ( prop]ty 9 connection ) qualifi$ relocation ( manufactur+4 4 7c7 ,effective dates 7#a7 ,accel]at$ depreciation ,! am5dm5t made by subsection 7a7 %all apply to prop]ty plac$ 9 s]vice aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,exclusion ( ga9 ,! am5dm5ts made by subsection 7b7 %all apply to sales & ex*anges aft] ! date ( ! enactm5t ( ?is ,act4 #b4 ,p]man5t full exp5s+ = qualifi$ prop]ty 7a7 ,9 g5]al ,p>agraph 7#f7 ( section #afh7k7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7#f7 ,applicable p]c5tage ,= purposes ( ?is subsection1 ! t]m applicable p]c5tage means1 9 ! case ( prop]ty plac$ 9 s]vice 7or1 9 ! case ( a specifi$ plant describ$ 9 p>agraph 7#e71 a plant :i* is plant$ or graft$7 aft] ,septemb] #bg1 #bjag1 #ajj p]c5t4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #afh7k7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 p>agraph 7#b7-- 7i7 9 subp>agraph 7,a7-- 7,i7 9 clause 7i77,v71 by ins]t+ & at ! end2 7,,ii7 9 clause 7ii71 by /rik+ clause 7ii7 ( subp>agraph 7,e71 & & ins]t+ clause 7i7 ( subp>agraph 7,e742 & 7,,iii7 by /rik+ clause 7iii72 7ii7 9 subp>agraph 7,b7-- 7,i7 9 clause 7i7-- 7aa7 by /rik+ subclauses 7,,ii7 & 7,,iii72 & 7bb7 by r$esignat+ subclauses 7,,iv7 ?r\gh 7,,vi7 z subclauses 7,,ii7 ?r\gh 7,,iv71 respectively2 7,,ii7 by /rik+ clause 7ii72 & 7,,iii7 by r$esignat+ clauses 7iii7 & 7iv7 z clauses 7ii7 & 7iii71 respectively2 7iii7 9 subp>agraph 7,c7-- 7,i7 9 clause 7i71 by /rik+ & subclauses 7,,ii7 & 7,,iii7 ( subp>agraph 7,b77i72 & 7,,ii7 9 clause 7ii71 by /rik+ subp>agraph 7,b77iii7 & ins]t+ subp>agraph 7,b77ii72 & 7iv7 9 subp>agraph 7,e7-- 7,i7 by /rik+ clause 7i72 & 7,,ii7 by r$esignat+ clauses 7ii7 & 7iii7 z clauses 7i7 & 7ii71 respectively2 & 7,b7 9 p>agraph 7#e77;,a71 by /rik+ plant$ be=e ,janu>y #a1 #bjbg1 or is graft$ be=e su* date to a plant t has already be5 plant$1 & ins]t+ plant$ or graft$4 7#b7 ,section #dfj7;c77#f77;,b7 ( su* ,code is am5d$ by /rik+ :i* & all t foll[s ?r\gh ! p]iod & ins]t+ :i* has a recov]y p]iod ( #g ye>s or less44 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 section #acbja ( ,public ,law #aae-ig4