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.

Amends the Internal Revenue Code to permanently extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 224 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 224

 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

                            January 3, 2001

  Mr. Watkins (for himself, Mr. Kildee, Mr. Hayworth, Mr. Thune, Mr. 
Udall of Colorado, Mr. Udall of New Mexico, Mr. Rehberg, and Mr. Young 
  of Alaska) 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 AND 
              DEPRECIATION RULES FOR PROPERTY ON INDIAN RESERVATIONS.

    (a) Employment Credit.--Section 45A of the Internal Revenue Code of 
1986 is amended by striking subsection (f).
    (b) Depreciation Rules.--Subsection (j) of section 168 of such Code 
is amended by striking paragraph (8).
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