US SB803 | 2019-2020 | 116th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 50-11-2)
Status: Introduced on March 14 2019 - 25% progression, died in committee
Action: 2019-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2019 - 25% progression, died in committee
Action: 2019-03-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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).
Title
Restoring Investment in Improvements Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-03-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1869 (Same As) 2019-03-26 - Referred to the House Committee on Ways and Means.
HB748 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.
HB748 (Related) 2020-07-23 - Committee on Small Business and Entrepreneurship. Hearings held.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/803/all-info |
Text | https://www.congress.gov/116/bills/s803/BILLS-116s803is.pdf |