HR 1039
112th CONGRESS
1st Session
H. R. 1039
To amend the Internal Revenue Code of 1986 to permanently extend
the Indian employment credit and the depreciation rules for property used
predominantly within an Indian reservation.
IN THE HOUSE OF REPRESENTATIVES
March 11, 2011
Mr. SULLIVAN (for himself, Mr. BOREN, Mr. COLE, Mr. LUCAS, and Mr. LANKFORD)
introduced the following bill; which was referred to the Committee on Ways
and Means
A BILL
To amend the Internal Revenue Code of 1986 to permanently extend
the Indian employment credit and the depreciation rules for property used
predominantly within an Indian reservation.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. PERMANENT EXTENSION OF INDIAN EMPLOYMENT CREDIT.
(a) In General- Section 45A of the Internal Revenue Code of 1986 is amended
by striking subsection (f).
(b) Effective Date- The amendment made by this section shall apply to taxable
years beginning after December 31, 2011.
SEC. 2. PERMANENT EXTENSION OF DEPRECIATION RULES FOR PROPERTY ON INDIAN
RESERVATIONS.
(a) In General- Subsection (j) of section 168 of the Internal Revenue Code
of 1986 is amended by striking paragraph (8).
(b) Effective Date- The amendment made by this section shall apply to property
placed in service after December 31, 2011.
END
