[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5486 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 5486

    To amend the Internal Revenue Code of 1986 to include wireless 
      telecommunications equipment in the definition of qualified 
 technological equipment for purposes of determining the depreciation 
                      treatment of such equipment.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 18, 2000

  Mr. Crane (for himself, Mr. Neal of Massachusetts, Mrs. Johnson of 
Connecticut, Mr. Matsui, Ms. Dunn, Mr. Cardin, Mr. Ramstad, and Mr. Sam 
Johnson of Texas) introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 to include wireless 
      telecommunications equipment in the definition of qualified 
 technological equipment for purposes of determining the depreciation 
                      treatment of such equipment.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. WIRELESS TELECOMMUNICATIONS EQUIPMENT.

    (a) In General.--Subparagraph (A) of section 168(i)(2) of the 
Internal Revenue Code of 1986 (defining qualified technological 
equipment) is amended by striking ``and'' at the end of clause (ii), by 
striking the period at the end of clause (iii) and inserting ``, and'', 
and by inserting after clause (iii) the following new clause:
                            ``(iv) any wireless telecommunications 
                        equipment.''
    (b) Wireless Telecommunications Equipment.--Section 168(i)(2) of 
the Internal Revenue Code of 1986 is amended by inserting after 
subparagraph (C) the following new subparagraph:
                    ``(D) Wireless telecommunications equipment.--For 
                purposes of this paragraph, the term `wireless 
                telecommunications equipment' means all equipment used 
                in the transmission, reception, coordination, or 
                switching of wireless telecommunications service. For 
                this purpose, `wireless telecommunications service' 
                includes any commercial mobile radio service as defined 
                in title 47 of the Code of Federal Regulations.''
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service on or after the date of the 
enactment of this Act.
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