S.Amdt. 1600Senate115th Congress (2017-2019)

S.Amdt. 1600

Submitted November 29, 2017

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Senate amendment submitted

November 29, 2017

Text

Submitted

SA 1600. Mr. INHOFE submitted an amendment intended to be proposed by
him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

On page 187, between lines 21 and 22, insert the following:
``(v) any deduction allowable for depreciation,
amortization, or depletion, but only if the amount of the
taxpayer's expenditures for property of a character subject
to the allowance for depreciation, amortization, or depletion
for the taxable year is at least 300 percent of the
taxpayer's adjusted taxable income for the taxable year
determined without regard to this clause, and
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