S. 593 — A bill to amend the Internal Revenue Code of 1986 to clarify that natural gas gathering lines are 7-year property for purposes of depreciation. | PoliFocus
S. 593107th Congress
A bill to amend the Internal Revenue Code of 1986 to clarify that natural gas gathering lines are 7-year property for purposes of depreciation.
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.
Full Text
Legislative Actions
Introduced in Senate
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2732)
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