To amend the Internal Revenue Code of 1986 to provide that natural gas distribution lines are 15-year property for depreciation purposes.

H.R. 1113 would change the federal tax code to allow natural gas companies to write off the cost of building and maintaining distribution lines over a 15-year period rather than the current longer timeframe. By accelerating these depreciation deductions, the bill aims to lower the immediate tax burden on utility companies, potentially encouraging them to invest more quickly in local infrastructure and pipeline safety. For everyday citizens, this could lead to modernized energy delivery systems, though the direct impact on monthly consumer gas bills would depend on how individual utility companies pass those tax savings along to their customers.