119 STAT. 1016
PUBLIC LAW 109–58—AUG. 8, 2005
SEC. 1325. NATURAL GAS DISTRIBUTION LINES TREATED AS 15-YEAR PROPERTY.
(a) IN GENERAL.—Section 168(e)(3)(E) (defining 15-year property), as amended by this Act, is amended by striking ‘‘and’’ at the end of clause (vi), by striking the period at the end of clause (vii) and by inserting ‘‘, and’’, and by adding at the end the following new clause: ‘‘(viii) any natural gas distribution line the original use of which commences with the taxpayer after April 11, 2005, and which is placed in service before January 1, 2011.’’. (b) ALTERNATIVE SYSTEM.—The table contained in section 168(g)(3)(B) (relating to special rule for certain property assigned to classes), as amended by this Act, is amended by inserting after the item relating to subparagraph (E)(vii) the following new item:
‘‘(E)(viii) .......................................................................................................
35’’.
(c) EFFECTIVE DATE.— (1) IN GENERAL.—The amendments made by this section shall apply to property placed in service after April 11, 2005. (2) EXCEPTION.—The amendments made by this section shall not apply to any property with respect to which the taxpayer or a related party has entered into a binding contract for the construction thereof on or before April 11, 2005, or, in the case of self-constructed property, has started construction on or before such date.
26 USC 168 note.
SEC. 1326. NATURAL GAS GATHERING LINES TREATED AS 7-YEAR PROPERTY.
(a) IN GENERAL.—Subparagraph (C) of section 168(e)(3) (relating to classification of certain property) is amended by striking ‘‘and’’ at the end of clause (iii), by redesignating clause (iv) as clause (v), and by inserting after clause (iii) the following new clause: ‘‘(iv) any natural gas gathering line the original use of which commences with the taxpayer after April 11, 2005, and’’. (b) NATURAL GAS GATHERING LINE.—Subsection (i) of section 168 is amended by inserting after paragraph (16) the following new paragraph: ‘‘(17) NATURAL GAS GATHERING LINE.—The term ‘natural gas gathering line’ means— ‘‘(A) the pipe, equipment, and appurtenances determined to be a gathering line by the Federal Energy Regulatory Commission, and ‘‘(B) the pipe, equipment, and appurtenances used to deliver natural gas from the wellhead or a commonpoint to the point at which such gas first reaches— ‘‘(i) a gas processing plant, ‘‘(ii) an interconnection with a transmission pipeline for which a certificate as an interstate transmission pipeline has been issued by the Federal Energy Regulatory Commission,
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