A bill to amend the Internal Revenue Code of 1986 to allow a 15-year applicable recovery period for depreciation of certain electric transmission property.

Fact Sheet API

Bill Number

S 815

Introduced

Apr 15, 2005

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3748)

Sponsor

Cosponsors

Topics

Commerce Corporation taxes Depreciation and amortization Electric power transmission Energy Income tax Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow a 15-year recovery period for the depreciation of certain property used in the transmission at 69 or more kilovolts of electricity for sale.

Actions

Apr 15, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3748)
Apr 15, 2005

Sponsor introductory remarks on measure. (CR S3748-3749)
Apr 15, 2005

Introduced in Senate

Amendments

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