[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3735 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3735

     To amend the Internal Revenue Code of 1986 to provide for the 
eligibility of computer technology and equipment development businesses 
                    for enterprise zone incentives.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

            December 11 (legislative day, December 10), 2008

 Ms. Landrieu introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
     To amend the Internal Revenue Code of 1986 to provide for the 
eligibility of computer technology and equipment development businesses 
                    for enterprise zone incentives.

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

SECTION 1. ELIGIBILITY OF COMPUTER TECHNOLOGY AND EQUIPMENT DEVELOPMENT 
              BUSINESSES FOR ENTERPRISE ZONE INCENTIVES.

    (a) In General.--Section 1397C(d)(4) of the Internal Revenue Code 
of 1986 (relating to treatment of business holding intangibles) is 
amended by inserting ``other than the development of any computer 
technology or equipment (as defined in section 170(e)(6)(F)(i))'' after 
``license''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
                                 <all>