US SB2984 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on December 5 2019 - 25% progression, died in committee
Action: 2019-12-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 5 2019 - 25% progression, died in committee
Action: 2019-12-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).
Title
Multifamily Depreciation Parity Act of 2019
Sponsors
| Sen. John Thune [R-SD] | Sen. Johnny Isakson [R-GA] | Sen. Todd Young [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB5313 (Same As) 2019-12-05 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2984/all-info |
| Text | https://www.congress.gov/116/bills/s2984/BILLS-116s2984is.pdf |
