S.Amdt. 2905

SA 2905. Mr. NICKLES (for himself and Mrs. Lincoln) submitted an amendment intended to be proposed by him to the bill S. 1637, to amend the Internal Revenue Code of 1986 to comply with the World Trade Organization rulings on the FSC/ETI benefit in a manner that preserves jobs and production activities in the United States, to reform and simplify the international taxation rules of the United States, and for other purposes; which was ordered to lie on the table; as follows:

On page 179, after line 25, add the following:

SEC. __. RECOVERY PERIOD FOR CERTAIN WIRELESS TELECOMMUNICATIONS EQUIPMENT.

(a) In General.--Subparagraph (A) of section 168(i)(2) (defining qualified technological equipment) is amended by striking “and” at the end of clause (ii), by striking the period at the end of clause (iii) and inserting “, and”, and by inserting after clause (iii) the following new clause:

“(iv) any wireless telecommunications equipment.”.

(b) Wireless Telecommunications Equipment.--Section 168(i)(2) is amended by inserting after subparagraph (C) the following new subparagraph:

“(D) Wireless telecommunications equipment.--For purposes of this paragraph--

“(i) In general.--The term ‘wireless telecommunications equipment' means equipment which is used in the transmission, reception, coordination, or switching of wireless telecommunications service.

“(ii) Exception.--Such term does not include towers, buildings, T-1 lines, or other cabling which connects cell sites to mobile switching centers.

“(iii) Wireless telecommunications service.--For purposes of clause (i), the term ‘wireless telecommunications service' includes any commercial mobile radio service as defined in title 47 of the Code of Federal Regulations.”.

(c) Effective Date.--The amendments made by this section shall apply to property placed in service after December 31, 2004, and before January 1, 2008.