I 

114TH CONGRESS 

1ST SESSION H. R. 3213 

To amend the Internal Revenue Code of 1986 to make 100 percent bonus 

depreciation permanent. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 23, 2015 

Mr. WILLIAMS introduced the following bill; which was referred to the 

Committee on Ways and Means 

A BILL 

To amend the Internal Revenue Code of 1986 to make 

100 percent bonus depreciation permanent. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Fixed Asset Relief Act 

5 of 2015’’. 

6 SEC. 2. BONUS DEPRECIATION INCREASED TO 100 PER7 CENT AND MADE PERMANENT. 

8 (a) INCREASE.—Section 168(k)(1)(A) of the Internal 

9 Revenue Code of 1986 is amended by striking ‘‘50 per10 cent’’ and inserting ‘‘100 percent’’. 


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1 (b) MADE PERMANENT.—Section 168(k)(2) of the 

2 Internal Revenue Code of 1986 is amended to read as fol3 lows: 

4 ‘‘(2) QUALIFIED PROPERTY.—For purposes of 

5 this subsection— 

6 ‘‘(A) IN GENERAL.—The term ‘qualified 

7 property’ means property— 

8 ‘‘(i)(I) to which this section applies 

9 which has a recovery period of 20 years or 

10 less, 

11 ‘‘(II) which is computer software (as 

12 defined in section 167(f)(1)(B)) for which 

13 a deduction is allowable under section 

14 167(a) without regard to this subsection, 

15 ‘‘(III) which is water utility property, 

16 or 

17 ‘‘(IV) which is qualified leasehold im18 provement property, and 

19 ‘‘(ii) the original use of which com20 mences with the taxpayer. 

21 ‘‘(B) EXCEPTION FOR ALTERNATIVE DE22 PRECIATION PROPERTY.—The term ‘qualified 

23 property’ shall not include any property to 

24 which the alternative depreciation system under 

25 subsection (g) applies, determined— 


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1 ‘‘(i) without regard to paragraph (7) 

2 of subsection (g) (relating to election to 

3 have system apply), and 

4 ‘‘(ii) after application of section 

5 280F(b) (relating to listed property with 

6 limited business use). 

7 ‘‘(C) SPECIAL RULES.— 

8 ‘‘(i) SALE-LEASEBACKS.—For pur9 poses of clause (ii) and subparagraph 

10 (A)(ii), if property is— 

11 ‘‘(I) originally placed in service 

12 by a person, and 

13 ‘‘(II) sold and leased back by 

14 such person within 3 months after the 

15 date such property was originally 

16 placed in service, 

17 such property shall be treated as originally 

18 placed in service not earlier than the date 

19 on which such property is used under the 

20 leaseback referred to in subclause (II). 

21 ‘‘(ii) SYNDICATION.—For purposes of 

22 subparagraph (A)(ii), if— 

23 ‘‘(I) property is originally placed 

24 in service by the lessor of such prop25 erty, 


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1 ‘‘(II) such property is sold by 

2 such lessor or any subsequent pur3 chaser within 3 months after the date 

4 such property was originally placed in 

5 service (or, in the case of multiple 

6 units of property subject to the same 

7 lease, within 3 months after the date 

8 the final unit is placed in service, so 

9 long as the period between the time 

10 the first unit is placed in service and 

11 the time the last unit is placed in 

12 service does not exceed 12 months), 

13 and 

14 ‘‘(III) the user of such property 

15 after the last sale during such 3- 

16 month period remains the same as 

17 when such property was originally 

18 placed in service, 

19 such property shall be treated as originally 

20 placed in service not earlier than the date 

21 of such last sale. 

22 ‘‘(D) COORDINATION WITH SECTION

23 280F.—For purposes of section 280F— 

24 ‘‘(i) AUTOMOBILES.—In the case of a 

25 passenger automobile (as defined in section 


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1 280F(d)(5)) which is qualified property, 

2 the Secretary shall increase the limitation 

3 under section 280F(a)(1)(A)(i) by $8,000. 

4 ‘‘(ii) LISTED PROPERTY.—The deduc5 tion allowable under paragraph (1) shall be 

6 taken into account in computing any re7 capture amount under section 280F(b)(2). 

8 ‘‘(iii) INFLATION ADJUSTMENT.—In 

9 the case of any taxable year beginning in 

10 a calendar year after 2015, the $8,000 

11 amount in clause (i) shall be increased by 

12 an amount equal to— 

13 ‘‘(I) such dollar amount, multi14 plied by 

15 ‘‘(II) the automobile price infla16 tion adjustment determined under sec17 tion 280F(d)(7)(B)(i) for the calendar 

18 year in which such taxable year begins 

19 by substituting ‘2014’ for ‘1987’ in 

20 subclause (II) thereof. 

21 If any increase under the preceding sen22 tence is not a multiple of $100, such in23 crease shall be rounded to the nearest mul24 tiple of $100. 


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1 ‘‘(E) DEDUCTION ALLOWED IN COMPUTING

2 MINIMUM TAX.—For purposes of determining 

3 alternative minimum taxable income under sec4 tion 55, the deduction under section 167 for 

5 qualified property shall be determined without 

6 regard to any adjustment under section 56.’’. 

7 (c) EFFECTIVE DATE.—The amendments made by 

8 this section shall apply to property placed in service after 

9 December 31, 2014. 

Æ 


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