Sec. 1325. NATURAL GAS DISTRIBUTION LINES TREATED AS 15-YEAR PROPERTY

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## 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.