HR 2148 · 110th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for property used in the transmission or distribution of electricity for sale.

Introduced 2007-05-03· Sponsored by Rep. English, Phil [R-PA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR E957-958)(2007-05-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a 15-year recovery period for the depreciation of: (1) certain property used in the transmission or distribution of electricity for sale and which is originally placed in service after enactment of this Act; and (2) initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant.…

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