[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1113 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1113

To amend the Internal Revenue Code of 1986 to provide that natural gas 
   distribution lines are 15-year property for depreciation purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 3, 2005

Mr. McCrery (for himself, Mr. Weller, Mr. English of Pennsylvania, Mr. 
Jefferson, Mr. Lewis of Kentucky, Mr. Cole of Oklahoma, Mr. Herger, and 
  Mr. Nunes) 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 provide that natural gas 
   distribution lines are 15-year property for depreciation purposes.

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

SECTION 1. NATURAL GAS DISTRIBUTION LINES TREATED AS 15-YEAR PROPERTY.

    (a) In General.--Subparagraph (E) of section 168(e)(3) (relating to 
classification of certain property) is amended by striking ``and'' at 
the end of clause (v), by striking the period at the end of clause (vi) 
and by inserting ``, and'', and by adding at the end the following new 
clause:
                            ``(vii) any natural gas distribution 
                        line.''.
    (b) Alternative System.--The table contained in section 
168(g)(3)(B) is amended by inserting after the item relating to 
subparagraph (E)(vi) the following:

``(E)(vii)..................................................      35''.
    (c) Effective Date.--The amendments made by this section shall 
apply to property placed in service after the date of the enactment of 
this Act, in taxable years ending after such date.
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