,,ii #aagth ,,congress #ast ,session ,s4 #ajgg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #ab1 #bjba,mr4 ,blunt 7for himself1 ,mr4 ,portman1 ,mr4 ,lankford1 and ,mr4 ,inhofe7 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 allowance for depreciation1 amortization1 or depletion for purposes of determining the income limitation on the deduction for business interest4 #a4 ,short title ,this ,act may be cited as the ,permanently ,preserving ,america's ,investment in ,manufacturing ,act4 #b4 ,permanent extension of allowance for depreciation1 amortization1 or depletion in determining the limitation on business interest 7a7 ,in general ,section #afc7;j77#h77;,a77v7 of the ,internal ,revenue ,code of #aihf is amended by striking in the case of taxable years beginning before ,january #a1 #bjbb14 7b7 ,effective date ,the amendment made by this section shall apply to taxable years beginning after ,december #ca1 #bjba4