|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).
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