,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajfeg  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,octob] #a1 #bjbf,mr4 
,crank introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ a special        
depreciation all[ance = qualifi$ e>ly   
*ildhood education c5t]s4  #a4 ,%ort    
title  ,?is ,act may be cit$ z !        
,support+ ,e>ly ,*ildhood ,education    
,opportunities ?r\gh ,upfront ,tax      
,d$uctions ,act ( #bjbf or ! ,,spr\t    
,act ( #bjbf4  #b4 ,special depreciation
 all[ance = qualifi$ e>ly *ildhood      
education c5t]s  7a7 ,9 g5]al ,section  
#afh ( ! ,int]nal ,rev5ue ,code ( #aihf 
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7o7 ,special all[ance =    
qualifi$ e>ly *ildhood education c5t]s  
7#a7 ,9 g5]al ,9 ! case ( any qualifi$  
e>ly *ildhood education c5t] ( a taxpay]
 mak+ an election "u ?is section--  7,a7
 ! depreciation d$uction provid$ by     
section #afg7;a7 = ! taxable ye> 9 :i*  

su* prop]ty is plac$ 9 s]vice %all      
include an all[ance equal to #ajj p]c5t 
( ! adju/$ basis ( ! qualifi$ e>ly      
*ildhood education c5t]1 &  7,b7 !      
adju/$ basis ( ! qualifi$ e>ly *ildhood 
education c5t] %all be r$uc$ by ! am\nt 
( su* d$uction be=e comput+ ! am\nt     
o!rwise all[able z a depreciation       
d$uction "u ?is *apt] = su* taxable ye> 
& any subsequ5t taxable ye>4  7#b7      
,qualifi$ e>ly *ildhood education c5t]  
,= purposes ( ?is subsection1 ! t]m     
qualifi$ e>ly *ildhood education c5t]   
means t portion ( any nonresid5tial real
 prop]ty-- 7,a7 to :i* ?is section      
applies1  7,b7 :i* is us$ by ! taxpay] z
 "p ( an e>ly *ildhood education c5t]   
:i* is lic5s$ by any ,/ate to provide   
c>e = *ildr5 "u ! age ( #e1  7,c7 9 !   
case ( a taxpay] t is n lic5s$ to       
provide su* c>e1 ) respect to :i* su*   
taxpay] is p>ty to a writt5 b9d+        
contract ) a p]son lic5s$ by any ,/ate  
to provide c>e at su* e>ly *ildhood     
education c5t] be=e con/ruction ( su*   

prop]ty beg9s1  7,d7 :i* is plac$ 9     
s]vice 9 ! ,unit$ ,/ates or any         
possession !re(1  7,e7 :i* is designat$ 
by ! taxpay] 9 ! election made "u ?is   
section1  7,f7 ! orig9al use ( :i*      
comm5ces ) ! taxpay]1 &  7,g7 :i* is    
plac$ 9 s]vice be=e ,decemb] #ca1 #bjca4
  7#c7 ,exclusion ( (fice space1 etc ,! 
t]m qualifi$ e>ly education c5t] %all n 
include any nonresid5tial real prop]ty  
:i* is n a "p ( a build+ 9 :i* *ild c>e 
is provid$4  7#d7 ,ext5sion ( plac$ 9   
s]vice date "u c]ta9 circum/ances ,!    
,secret>y may ext5d ! date "u p>agraph  
7#b77;,g7 ) respect to any prop]ty t    
meets ! requirem5ts ( subp>agraphs 7,a7 
?r\gh 7,f7 ( p>agraph 7#a7 if !         
,secret>y det]m9es t an act ( ,god 7z   
def9$ 9 section #aja7a7 ( !             
,compreh5sive ,environm5tal ,response1  
,comp5sation1 & ,liability ,act ( #aihj7
 prev5ts ! taxpay] f plac+ su* prop]ty 9
 s]vice be=e su* date4  7#e7 ,special   
rules ,rules simil> to ! rules (        
p>agraphs 7#c71 7#d71 7#e71 & 7#f7 (    

subsection 7n7 %all apply to ?is        
subsection4  7#f7 ,regulations ,!       
,secret>y %all issue su* regulations or 
o!r guidance z may be necess>y or       
appropriate to c>ry out ! purposes ( ?is
 subsection1 includ+ regulations or o!r 
guidance4  4  7b7 ,treatm5t ( qualifi$  
e>ly *ildhood education c5t] z section  
#abde prop]ty ,section #abde7;a77#c7 is 
am5d$-- 7#a7 9 subp>agraph 7,f71 by     
/rik+ or1  7#b7 9 subp>agraph 7,g71 by  
/rik+ ! p]iod & ins]t+ 1 or1 &  7#c7 by 
add+ at ! end ! foll[+ new subp>agraph3 
7,h7 any qualifi$ e>ly *ildhood         
education c5t] 7z def9$ 9 section       
#afh7o77#b77  4  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to prop]ty plac$ 9 s]vice aft] ! date ( 
! enactm5t ( ?is ,act4