II 109th CONGRESS 1st Session S. 1441 IN THE SENATE OF THE UNITED STATES July 21, 2005 Mr. Thomas (for himself and Mrs. Lincoln) introduced the following bill; which was read twice and referred to the Committee on Finance 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.

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, other than cell towers, buildings, and T–1 lines or other cabling connecting cell sites to mobile switching centers. 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.