S. 2216Senate110th Congress (2007-2009)Introduced

A bill to amend the Internal Revenue Code of 1986 to extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.

Introduced October 23, 2007

Legislative Activity

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2 earlier actions
SenateCalendars Latest Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 439.

October 24, 2007

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SenateIntro Referral

Introduced in Senate

October 23, 2007

SenateCalendars

Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

October 23, 2007

SenateCalendars

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 439.

October 24, 2007

Floor Debate

4 members

What members said about S. 2216 on the floor

1 Republican3 Democrats
James M. Inhofe
Sen. James M. InhofeR-OK · Nov 1, 2007

Mr. President, I ask unanimous consent that the Senate proceed to the immediate consideration of S. 2216, a bill to extend the Indian Employment Credit Depreciation Rules for property within an…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Oct 23, 2007

Mr. President, I understand that there are two bills at the desk, and I ask for their first reading en bloc. I now ask for a second reading, and in order to place the bills on the calendar under the…

Max Baucus
Sen. Max BaucusD-MT · Nov 1, 2007

Reserving the right to object, once again, I would ask my friend from Oklahoma if he would amend his consent request along the lines I earlier suggested. Objection.

Harry Reid
Sen. Harry ReidD-NV · Oct 24, 2007

Mr. President, there are two bills at the desk due for a second reading. I object to any further proceedings with respect to these bills en bloc.

Bill Text

Latest available legislative text

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Placed on Calendar SenateIssued October 24, 2007

II

Calendar No. 439

110th CONGRESS

1st Session

S. 2216

IN THE SENATE OF THE UNITED STATES

October 23, 2007

Mr. Inhofe introduced the following bill; which was read the first time

October 24, 2007

Read the second time and placed on the calendar

A BILL

To amend the Internal Revenue Code of 1986 to extend the Indian employment credit and the depreciation rules for property used predominantly within an Indian reservation.

1.

Extension of Indian employment credit and depreciation rules for property on Indian reservations

(a)

Employment credit

(1)

In general

Section 45A(f) of the Internal Revenue Code of 1986 (relating to termination) is amended by striking 2007 and inserting 2008.

(2)

Effective date

The amendment made by this subsection shall apply to taxable years beginning after December 31, 2007.

(b)

Depreciation rules

(1)

In general

Section 168(j)(8) of the Internal Revenue Code of 1986 (relating to termination) is amended by striking 2007 and inserting 2008.

(2)

Effective date

The amendment made by this subsection shall apply to property placed in service after December 31, 2007.

October 24, 2007

Read the second time and placed on the calendar