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H. Rept. 114-317 1 (2015-10-28)

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                   114TH CONGRESS                                  J REPT. 114-317
                      1st Session   HOUSE OF REPRESENTATIVES            Part 1







                    AMENDING THE INTERNAL REVENUE CODE OF 1986 TO
                    MODIFY AND MAKE PERMANENT BONUS DEPRECIATION



                    OCTOBER 28, 2015.-Committed to the Committee of the Whole House on the State
                                    of the Union and ordered to be printed



                    Mr. RYAN of Wisconsin, from the Committee on Ways and Means,
                                        submitted the following


                                           REPORT

                                             together with

                                         DISSENTING VIEWS

                                         [To accompany H.R. 2510]

                             [Including cost estimate of the Congressional Budget Office]

                     The Committee on Ways and Means, to whom was referred the
                   bill (H.R. 2510) to amend the Internal Revenue Code of 1986 to
                   modify and make permanent bonus depreciation, having considered
                   the same, report favorably thereon with an amendment and rec-
                   ommend that the bill as amended do pass.
                                              CONTENTS
                                                                                Page
                      I. SUMMARY AND BACKGROUND ...............................................................  6
                           A. Purpose  and  Sum m ary  ....................................................................  6
                           B. Background  and  Need  for Legislation  ............................................  6
                           C. Legislative  H istory  ...........................................................................  7
                     II. EXPLANATION     OF  THE  BILL  ..................................................................  7
                           A. Bonus Depreciation Modified and Made Permanent (sec. 168(k)
                              of the  C ode)  .....................................................................................  7
                    III. VOTES OF THE COMM ITTEE ....................................................................  13
                    IV. BUDGET EFFECTS  OF THE BILL ...........................................................  14
                           A. Committee Estimate of Budgetary Effects ......................................  14
                           B. Statement Regarding New Budget Authority and Tax Expendi-
                              tures Budget  Authority  ..................................................................  16
                           C. Cost Estimate Prepared by the Congressional Budget Office .......  16
                           D. M acroeconomic Impact Analysis  ......................................................  21
                     V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
                         TH E H O U SE  ..............................................................................................  25
                           A. Committee Oversight Findings and Recommendations .................  25
                      59-006

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