A bill to amend the Internal Revenue Code of 1986 to treat natural gas distribution lines as 15-year property for purposes of depreciation.

Fact Sheet API

Bill Number

S 669

Introduced

Mar 17, 2005

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

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

Full Text

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Votes

Summary

Amends the Internal Revenue Code to classify any natural gas distribution line as 15-year property for purposes of the tax deduction for depreciation.

Actions

Mar 17, 2005

Read twice and referred to the Committee on Finance.
Mar 17, 2005

Introduced in Senate

Amendments

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