Del.icio.us
Digg
StumbleUpon
Facebook
Reddit
Newsvine
co.mments
HR 5450 IH
To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F.
February 14, 2008
Mr. SAM JOHNSON of Texas (for himself, Mr. POMEROY, Mr. HERGER, Mr. CAMP of Michigan, Mr. BRADY of Texas, Mr. TIBERI, and Mr. CANTOR) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to remove cell phones from listed property under section 280F.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2008'.
SEC. 2. REMOVAL OF CELLULAR TELEPHONES (OR SIMILAR TELECOMMUNICATIONS EQUIPMENT) FROM LISTED PROPERTY.
(a) In General- 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).
(b) Effective Date- The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2007.
Rating Filter: 5
Comments
am in favor of the removal of cellular telephone from listed property. Taxing employees for use of an employer provided cell phone is stupid. How are employers to determine the value of a multiple phone contract that is on a pooled minute system? My employer requires certain employees to have a employer provided phone, and then withholds income tax from the employee paycheck. The value my employer is using is $40 per month taxable benefit. This doesn't make sense as to add my husband to my personal account cost us $10 per month. My husband was able to reject his employer provided phone. I am glad that my job classification does not require me to have a phone, as my employer would not allow me to use my personal phone in place of theirs. This bill would remove cellalar phones as listed property a taxable benefit to employees.
Add A Comment