HOUSE 1869116th CongressReferred to the House Committee on Ways and Means.
Restoring Investment in Improvements Act
- Last Action
- 3/26/2019
Actions
- 2019-03-26Referred to the House Committee on Ways and Means.
- 2019-03-26Introduced in House
- 2019-03-26Introduced in House
CRS Summary
As of 2019-03-26 (00)
Restoring Investment in Improvements Act
This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).
Cosponsors (20)
- Jackie Walorski (R-IN)
- Steven Horsford (D-NV)
- Mike Kelly (R-PA)
- Terri Sewell (D-AL)
- George Holding (R-NC)
- Susie Lee (D-NV)
- Andy Barr (R-KY)
- Joyce Beatty (D-OH)
- David McKinley (R-WV)
- Dina Titus (D-NV)
- Mark Amodei (R-NV)
- J. Correa (D-CA)
- Kenny Marchant (R-TX)
- Gilbert Cisneros (D-CA)
- Brian Fitzpatrick (R-PA)
- TIM RYAN (D-OH)
- Darin LaHood (R-IL)
- Jim Jordan (R-OH)
- Tom Rice (R-SC)
- Mark Meadows (R-NC)
Subjects
- Building construction
- Business investment and capital
- Income tax deductions
Sourced from Congress.gov (public domain).
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