S. 2195, 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

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S. 2195 would 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.

Detailed Summary

Amends the Internal Revenue Code to extend through 2008 the Indian employment tax credit and the accelerated depreciation of business property used on Indian reservations.

Status of the Legislation

Latest Major Action: 10/18/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

Points in Favor

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Points Against

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