S.Amdt. 3648

SA 3648. Mr. CARDIN (for himself and Mr. Portman) submitted an
amendment intended to be proposed to amendment SA 3464 submitted by Mr.
Thune (for himself and Mr. Nelson) to the bill H.R. 636, to amend the
Internal Revenue Code of 1986 to permanently extend increased expensing
limitations, and for other purposes; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. ____. ALLOCATIONS OF CREDITS TO INDIAN TRIBAL
GOVERNMENTS AND NONPROFIT ORGANIZATIONS.

(a) Allocations to Indian Tribal Governments.--Paragraph
(4) of section 179D(d) of the Internal Revenue Code of 1986
is amended by striking ``or local'' and inserting ``local, or
Indian tribal''.
(b) Allocations to Certain Nonprofit Organizations.--
(1) In general.--Paragraph (4) of section 179D(d) of the
Internal Revenue Code of 1986, as amended by subsection (a),
is amended by inserting ``, or by an organization that is
described in section 501(c)(3) and exempt from tax under
section 501(a)'' after ``political subdivision thereof''.
(2) Clerical amendment.--The heading of paragraph (4) of
section 179D(d) of such Code is amended by inserting ``and
property held by certain non-profits'' after ``public
property''.
(c) Effective Date.--The amendments made by this section
shall apply to property placed in service after December 31,
2015.
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