S 593 · 107th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to clarify that natural gas gathering lines are 7-year property for purposes of depreciation.

Introduced 2001-03-22· Sponsored by Sen. Nickles, Don [R-OK]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2732)(2001-03-22)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to classify any natural gas gathering line as seven-year property for purposes of depreciation. Defines natural gas gathering line.…

Summarized by Claude AI · Non-partisan · For informational purposes only