S.Amdt. 1728

SA 1728. Mr. HATCH submitted an amendment intended to be proposed to
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself
and Ms. Murkowski)) 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 164, strike lines 5 through 25, and insert the
following:
(c) Effective Date.--
(1) In general.--
(A) Application.--Except as provided in paragraph (2), the
amendments made by this section shall apply to property
placed in service after December 31, 2017.
(B) Shorter recovery period or more accelerated
depreciation method.--In the case of property placed in
service before January 1, 2018, if the amendments made by
this section result in--
(i) an applicable recovery period which is less than the
remaining applicable recovery period for such property before
enactment of such amendments, or
(ii) an applicable depreciation method which is more
accelerated than the applicable depreciation method for such
property before enactment of such amendments,
the depreciation deduction for such property shall, for any
taxable year beginning after December 31, 2017, be determined
as if such property were placed in service on January 1,
2018.
(2) Amendments related to electing real property trade or
business.--The amendments made by subsection (b)(4)(A) shall
apply to taxable years beginning after December 31, 2017.
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