,,ii  #aah? ,,congress  #a/ ,session    
,s4 #ccha  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #cj1 #bjbc,mr4
 ,lank=d 7= himself1 ,mr4 ,da9es1 ,mr4  
,b>rasso1 & ,mr4 ,scott ( ,s\? ,c>ol9a7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to all[ intangible
 drill+ & developm5t co/s to be tak5    
into acc\nt :5 comput+ adju/$ f9ancial  
/atem5t income4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,promot+ ,dome/ic  
,en]gy ,production ,act4  #b4           
,intangible drill+ & developm5t co/s    
tak5 into acc\nt = purposes ( comput+   
adju/$ f9ancial /atem5t income  7a7 ,9  
g5]al ,section #ef;,a7c77#ac7 ( !       
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ subp>agraph 7,a7 &
 ins]t+ ! foll[+3  7,a7 r$uc$ by-- 7i7  
depreciation d$uctions all[$ "u section 
#afg ) respect to prop]ty to :i* section
 #afh applies to ! ext5t ( ! am\nt all[$
 z d$uctions 9 comput+ taxable income = 

! ye>1 &  7ii7 any d$uction all[$ =     
exp5ses "u section #bfc7;c7 ) respect to
 prop]ty describ$ !re9 to ! ext5t ( !   
am\nt all[$ z d$uctions 9 comput+       
taxable income = ! ye>1 &  1 &  7#b7 by 
/rik+ subp>agraph 7,b77i7 & ins]t+ !    
foll[+3  7i7 to disreg>d any am\nt (--  
7,i7 depreciation exp5se t is tak5 into 
acc\nt on ! taxpay]'s applicable        
f9ancial /atem5t ) respect to su*       
prop]ty1 &  7,,ii7 depletion exp5se t is
 tak5 into acc\nt on ! taxpay]'s        
applicable f9ancial /atem5t ) respect to
 ! intangible drill+ & developm5t co/s (
 su* prop]ty1 &  4  7b7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjbb4