A bill to amend the Internal Revenue Code of 1986 to treat natural gas distribution lines as 15-year property for purposes of depreciation.

Senate Bill 669 proposes a change to the federal tax code that would allow natural gas companies to accelerate the depreciation of their distribution lines. By reclassifying these pipelines as 15-year property rather than 20-year property, the bill enables utility companies to write off the cost of infrastructure investments more quickly. This adjustment is intended to provide a financial incentive for companies to modernize, expand, or replace local natural gas delivery systems.