To amend the Internal Revenue Code of 1986 to clarify that natural gas gathering lines are 7-year property for purposes of depreciation.

Summary

Amends the Internal Revenue Code to classify any natural gas gathering line as seven-year property for purposes of depreciation. Defines natural gas gathering line.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 May 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 20 May 1998

   Introduced

   Sponsor introductory remarks on measure. (CR E910)

   Source: IntroReferral

3. 20 May 1998

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 May 1998

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 20 May 1998 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 May 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 May 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 May 1998

  Open at official source

Sponsors

• SAM JOHNSON · R · Sponsor
• Rep. Watkins, Wes [D-OK-3] · R · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.