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United States · Bill · HR

H.R. 2148 (110th)

To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for property used in the transmission or distribution of electricity for sale.

openUnited States· United States Congress· EN

Introduced

3 May 2007

Last action

Status

Sponsor introductory remarks on measure. (CR E957-958)

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends the Internal Revenue Code to allow a 15-year recovery period for the depreciation of: (1) certain property used in the transmission or distribution of electricity for sale and which is originally placed in service after enactment of this Act; and (2) initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant.

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Documents

3 official files

Introduced in House (text)

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