[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>