Text: H.R.5450 — 110th Congress (2007-2008)All Bill Information (Except Text)

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Introduced in House (02/14/2008)


110th CONGRESS
2d Session
H. R. 5450

To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F.


IN THE HOUSE OF REPRESENTATIVES
February 14, 2008

Mr. Sam Johnson of Texas (for himself, Mr. Pomeroy, Mr. Herger, Mr. Camp of Michigan, Mr. Brady of Texas, Mr. Tiberi, and Mr. Cantor) introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Modernize Our Bookkeeping In the Law for Employee’s Cell Phone Act of 2008”.

SEC. 2. Removal of cellular telephones (or similar telecommunications equipment) from listed property.

(a) In general.—Subparagraph (A) of section 280F(d)(4) of the Internal Revenue Code (defining listed property) is amended by inserting “and” at the end of clause (iv), by striking clause (v), and by redesignating clause (vi) as clause (v).

(b) Effective date.—The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2007.