United States. Congress

“ Third party settlement organization.—The term 'third party settlement organization' means the central organization which has the contractual obligation to make payment to participating payees of third party network transactions. ”

“ In general.—The bonus depreciation amount for any taxable year is an amount equal to 20 percent of the excess (if any) of— " (I) the aggregate amount of depreciation which would be allowed under this section for eligible qualified property placed in service by the taxpayer during such taxable year if paragraph (1) applied to all such property, over " (II) the aggregate amount of depreciation which would be allowed under this section for eligible qualified property placed in service by the taxpayer during such taxable year if paragraph (1) did not apply to any such property. ”

“ Applicable taxable year.— The term "applicable taxable year" means any taxable year during which eligible qualified property is placed in service. (C) Eligible qualified property.— The term "eligible qualified property" has the meaning given such term by section 168 (k) (4) (D) of the Internal Revenue Code of 1986 (as added by the amendments made by this section) . ”