SENATE 803116th CongressRead twice and referred to the Committee on Finance.

Restoring Investment in Improvements Act

Last Action: 3/14/2019

Actions

2019-03-14Read twice and referred to the Committee on Finance.
2019-03-14Introduced in Senate

CRS Summary

As of 2019-03-14 (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).

Subjects

Building construction
Business investment and capital
Income tax deductions

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