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.
About This Bill
Committee
Latest Action · December 19, 2009
Referred to the House Committee on Ways and Means.
Amends the Internal Revenue Code, with respect to the tax deduction for accelerated depreciation, to rename natural gas distribution lines as natural gas distribution facilities and make permanent the classification of such facilities as 15-year property for depreciation purposes.
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