S. 1441Senate109th Congress (2005-2007)In Committee

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.

Introduced July 21, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8667)

July 21, 2005

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SenateIntro Referral

Introduced in Senate

July 21, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S8667)

July 21, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8667)

July 21, 2005

Floor Debate

10 members

What members said about S. 1441 on the floor

5 Republicans5 Democrats
Richard J. Durbin
Sen. Richard J. DurbinD-IL · Jul 21, 2005

Mr. President, seventy-five years ago today, President Herbert Hoover created the Veterans Administration by signing Executive Order 5398 for the ``Consolidation and Coordination of Governmental…

Max Baucus
Sen. Max BaucusD-MT · Jul 21, 2005

Mr. President, I rise today to introduce the Trade Adjustment Assistance for Industries Act. I have long been a champion for our Trade Adjustment Assistance program, what we call ``TAA.'' For more…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Jul 21, 2005

Mr. President, I rise today to once again introduce legislation that will address the challenges facing many promising, talented young athletes from other countries who wish to play for sports teams…

Jon S. Corzine
Sen. Jon S. CorzineD-NJ · Jul 21, 2005

Mr. President, I rise today to introduce the Darfur Peace and Accountability Act. This bill, which is the latest version of legislation Senator Brownback and I have been pushing for almost six…

Sam Brownback
Sen. Sam BrownbackR-KS · Jul 21, 2005

Mr. President, I rise with my colleague Senator Corzine and 11 other cosponsors to introduce the Darfur Peace and Accountability Act of 2005. I applaud Senator Corzine for his tireless work on this…

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John F. Kerry
Sen. John F. KerryD-MA · Jul 21, 2005

Mr. President, drought continues to be a serious problem for many States in this country, and I rise to re-introduce legislation to help small businesses that need disaster assistance but can't get…

Craig Thomas
Sen. Craig ThomasR-WY · Jul 21, 2005

Mr. President, today I rise to introduce a bill that would clarify the class life of cell site equipment used by wireless telecommunications companies. Wireless telecommunications, like many other…

Craig Thomas
Sen. Craig ThomasR-WY · Jul 21, 2005

Mr. President, today I rise to introduce a bill that would clarify the class life of cell site equipment used by wireless telecommunications companies. Wireless telecommunications, like many other…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Jul 21, 2005

Mr. President, I rise today to introduce, with my colleagues Senators Chafee and Reid, the Coordinated Environmental Health Tracking Act of 2005. There is a saying--``what you don't know can't hurt…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Jul 21, 2005

Mr. President, Today I am pleased to introduce the Tax Technical Corrections Act of 2005 with Senator Baucus. Technical corrections measures are routine for major tax acts, and are necessary to…

Richard C. Shelby
Sen. Richard C. ShelbyR-AL · Jul 21, 2005

Mr. President, I rise today to introduce the Consumer Identity Protection and Security Act. This legislation provides consumers the ability to place credit freezes on their credit reports. My sole…

Bill Text

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Introduced in SenateIssued July 21, 2005

II

109th CONGRESS

1st Session

S. 1441

IN THE SENATE OF THE UNITED STATES

July 21, 2005

Mr. Thomas (for himself and Mrs. Lincoln) introduced the following bill; which was read twice and referred to the Committee on Finance

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 inserting 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 inserting after subparagraph (C) 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, and T–1 lines or other cabling connecting cell sites to mobile switching centers. For this purpose, 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.