S.Amdt. 1600Senate115th Congress (2017-2019)
S.Amdt. 1600
Sponsored by
Sen. James M. Inhofe (R-OK)
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 ______