I 

113TH CONGRESS 

2D SESSION H. R. 4822 

To amend the Internal Revenue Code of 1986 to provide for 100 percent 

bonus depreciation for manufacturing property. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 10, 2014 

Mr. SCHNEIDER (for himself and Mr. RICE of South Carolina) 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 provide 

for 100 percent bonus depreciation for manufacturing 

property. 

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 ‘‘Accelerate Our Manu5 facturers Act’’. 

6 SEC. 2. 100 PERCENT BONUS FOR MANUFACTURING PROP7 ERTY. 

8 (a) IN GENERAL.—Section 168(k) of the Internal 

9 Revenue Code of 1986 is amended by adding at the end 

10 the following new paragraph: 


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1 ‘‘(6) SPECIAL RULE FOR MANUFACTURING

2 PROPERTY.— 

3 ‘‘(A) IN GENERAL.—In the case of quali4 fied manufacturing property, paragraph (1)(A) 

5 shall be applied by substituting ‘100 percent’ 

6 for ‘50 percent’. 

7 ‘‘(B) QUALIFIED MANUFACTURING PROP8 ERTY.—For purposes of this paragraph— 

9 ‘‘(i) IN GENERAL.—The term ‘quali10 fied manufacturing property’ means quali11 fied property which— 

12 ‘‘(I) is acquired by the taxpayer 

13 after December 31, 2013, and before 

14 January 1, 2019, placed in service by 

15 the taxpayer before January 1, 2019, 

16 and 

17 ‘‘(II) used by a manufacturer to 

18 produce an article from new or raw 

19 material, or from scrap, salvage, or 

20 junk material, by processing or chang21 ing the form of an article or by com22 bining or assembling two or more arti23 cles. 


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1 ‘‘(ii) CERTAIN RULES MADE INAPPLI2 CABLE.—The following provisions shall not 

3 apply: 

4 ‘‘(I) Clauses (iii) and (iv) of 

5 paragraph (2)(A). 

6 ‘‘(II) Clause (ii) of paragraph 

7 (2)(B).’’. 

8 (b) ELECTION TO ACCELERATE THE AMT.—Section 

9 168(k)(4) of the Internal Revenue Code of 1986 is amend10 ed by adding at the end the following: 

11 ‘‘(K) SPECIAL RULES FOR QUALIFIED

12 MANUFACTURING PROPERTY.— 

13 ‘‘(i) IN GENERAL.—In the case of 

14 qualified manufacturing property (as de15 fined in paragraph (6)), in applying this 

16 paragraph to any taxpayer— 

17 ‘‘(I) the limitation described in 

18 subparagraph (B)(i) and the business 

19 credit increase amount under sub20 paragraph (E)(iii) thereof shall not 

21 apply, and 

22 ‘‘(II) the bonus depreciation 

23 amount, maximum amount, and max24 imum increase amount shall be com25 puted separately. 


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1 ‘‘(ii) ELECTION.— 

2 ‘‘(I) A taxpayer who has an elec3 tion in effect under any preceding 

4 provision of this paragraph shall not 

5 be treated as having an election in ef6 fect for qualified manufacturing prop7 erty unless the taxpayer elects to have 

8 this paragraph apply to qualified 

9 manufacturing property. 

10 ‘‘(II) A taxpayer who does not 

11 have an election in effect under any 

12 preceding provision of this paragraph 

13 may elect to have this paragraph 

14 apply to qualified manufacturing 

15 property.’’. 

16 (c) EFFECTIVE DATE.—The amendment made by 

17 subsection (a) shall apply to property placed in service 

18 after December 31, 2013. 

Æ 


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