H.R. 3367

To amend the Internal Revenue Code of 1986 to include wireless telecommunications equipment in the definition of qualified technological equipment for purposes of determining the depreciation treatment of such equipment.

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I

109th CONGRESS

1st Session

H. R. 3367

IN THE HOUSE OF REPRESENTATIVES

July 20, 2005

Mr. Hulshof (for himself and Mr. Becerra) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to include wireless telecommunications equipment in the definition of qualified technological equipment for purposes of determining the depreciation treatment of such equipment.

1.

Wireless telecommunications equipment

(a)

In general

Subparagraph (A) of section 168(i)(2) of the Internal Revenue Code of 1986 (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 adding after clause (iii) the following new clause:

(iv)

any wireless telecommunications equipment.

.

(b)

Wireless telecommunications equipment

Section 168(i)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph:

(D)

Wireless telecommunications equipment

For purposes of this paragraph, the term wireless telecommunications equipment means all equipment used in the transmission, reception, coordination, or switching of wireless telecommunications service, other than cell towers, buildings, T-1 lines or other cabling connecting cell sites to mobile switching centers. For purposes of the preceding sentence, 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 on or after the date of the enactment of this Act.