To amend the Internal Revenue Code of 1986 to clarify that natural gas gathering lines are 7-year property for purposes of depreciation.

Fact Sheet API

Bill Number

HR 276

Introduced

Jan 30, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Commerce Depreciation and amortization Energy Gas industry Gas pipelines Income tax Natural gas Tax deductions Taxation Transportation and Public Works

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Votes

Summary

Amends the Internal Revenue Code to classify any natural gas gathering line as seven-year property for purposes of depreciation. Defines natural gas gathering line.

Actions

Jan 30, 2001

Referred to the House Committee on Ways and Means.
Jan 30, 2001

Sponsor introductory remarks on measure. (CR E53-54)
Jan 30, 2001

Introduced in House

Amendments

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