IN THE SENATE OF THE UNITED STATES
February 26, 2008
Mr. Kerry (for himself and Mr. Ensign) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F.
This Act may be cited as the
Modernize Our Bookkeeping In the Law
for Employee’s Cell Phone Act of 2008.
Removal of cellular telephones (or similar telecommunications equipment) from listed property
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).
The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2007.