[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4411 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4411

     To amend the Internal Revenue Code of 1986 to make permanent 
 accelerated depreciation of natural gas distribution property and to 
           clarify to which property such treatment applies.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 19, 2009

 Mr. Roskam (for himself, Ms. Berkley, Mr. Cantor, Mr. Brady of Texas, 
and Mr. Boustany) 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 make permanent 
 accelerated depreciation of natural gas distribution property and to 
           clarify to which property such treatment applies.

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

SECTION 1. ACCELERATED DEPRECIATION OF NATURAL GAS DISTRIBUTION 
              FACILITIES.

    (a) Accelerated Depreciation Made Permanent.--Clause (viii) of 
section 168(e)(3)(E) of the Internal Revenue Code of 1986 is amended by 
striking ``, and which is placed in service before January 1, 2011''.
    (b) Clarification of Property to Which Treatment Applies.--Clause 
(viii) of section 168(e)(3)(E) of such Code is amended by striking 
``line'' and inserting ``facility''.
    (c) Effective Dates.--The amendments made by this section shall 
apply to property placed in service after December 31, 2010.
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