Code Section 280F

Code Section	Effective Date	Name of Act	Name of Provision	10yr Revenue Estimate ($millions)
280F	12/31/2009	The Small Business Jobs Act of 2010	Remove cellular phones and similar telecommunications equipment from the definition of listed property	-410

Remove cellular phones and similar telecommunications equipment from the definition of listed property

Explanation of Provision

The provision removes cell phones from the definition of listed property. Thus, under the provision, the heightened substantiation requirements and special depreciation rules that apply to listed property do not apply to cell phones.¹⁴⁰⁴

1404- The provision does not affect Treasury’s authority to determine the appropriate characterization of cell phones as a working condition fringe benefit under section 132(d) or that the personal use of such devices that are provided primarily for business purposes may constitute a de minimis fringe benefit, the value of which is so small as to make accounting for it administratively impracticable, under section 132(e).
-Return to Explanation of Provision

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