S. 1008 — A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

Summary

Amends the Internal Revenue Code to make permanent the special rules for the accelerated depreciation of business property used on Indian reservations.

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Related Legislation

H.R. 1039To 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.
2011-03-11Referred to the House Committee on Ways and Means.
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Legislative Actions

2011-05-17
Introduced in Senate
2011-05-17
Read twice and referred to the Committee on Finance.
2011-05-18
Sponsor introductory remarks on measure. (CR S3107-3108)

A bill to amend the Internal Revenue Code of 1986 to permanently extend the depreciation rules for property used predominantly within an Indian reservation.

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