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.
Wireless telecommunications equipment
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:
any wireless telecommunications equipment.
.
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:
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.
.
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.