HR 427

112th CONGRESS
1st Session

H. R. 427

To amend the Internal Revenue Code of 1986 to provide a 5-year recovery period for computer-based gambling machines.

IN THE HOUSE OF REPRESENTATIVES

January 25, 2011

Mr. HELLER (for himself, Mr. HECK, and Ms. BERKLEY) introduced the following bill; which was referred to the Committee on Ways and Means

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A BILL

To amend the Internal Revenue Code of 1986 to provide a 5-year recovery period for computer-based gambling machines.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. FIVE-YEAR RECOVER PERIOD FOR COMPUTER-BASED GAMBLING MACHINES.

(a) In General- Subparagraph (B) of section 168(e)(3) of the Internal Revenue Code of 1986 is amended by striking `and' at the end of clause (vi)(III), by striking the period at the end of clause (vii) and inserting `, and', and by adding at the end the following new clause:

`(viii) any computer-based gambling machine, including slot machines and video lottery terminals.'.

(b) Effective Date- The amendments made by this section shall apply to property placed in service after the date of the enactment of this Act.

END