A bill to amend Internal Revenue Code of 1954 to allow an income tax deduction for depreciation on capital expenditures incurred in connecting residential sewer lines to municipal sewage systems.

[AI summary unavailable — showing source text] Provides, under the Internal Revenue Code, that any capital expenditures incurred to connect a sewage line from the residence of a taxpayer to a municipal sewage system shall be considered to have been a depreciable capital expenditure incurred with respect to property held for the production of income. (Amends 26 U.S.C. 167)…