Which of the following provisions of the Internal Revenue Code can be used to reduce the amount of the income tax expense arising from capital investment projects?

A) deductions for individuals
B) depreciation deduction
C) minimum tax provision
D) charitable contributions

The depreciation deduction allows businesses to reduce their taxable income based on the decline in value of their capital assets over time. This can be used to reduce the amount of income tax expense arising from capital investment projects. Deductions for individuals, minimum tax provision, and charitable contributions are not directly related to capital investment projects.