S. 803
Referred to CommitteeRestoring Investment in Improvements Act
Introduced 3/14/2019•116th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
3/14/2019 • Senate
Summary
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).
Introduced in Senate • 3/14/2019
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Topics & Subjects
Policy Area: Taxation
Building constructionBusiness investment and capitalIncome tax deductions
Congressional Votes (0)
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Related Federal Spending
Sponsor & Cosponsors (63)
Party Breakdown
12
Democrats
50
Republicans
1
Independents
Sponsor
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Cosponsors (62)
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Bill Journey
Originated in the Senate
Introduced
March 14, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate3/14/2019