HR 3500
105th Congress
House
Taxation
Building construction
Building leases
Business income tax
Commerce
Depreciation and amortization
Income tax
Office buildings
Tax deductions
To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.
Introduced: March 18, 1998
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 1998
Referred to the House Committee on Ways and Means.
Mar 18, 1998
Sponsor introductory remarks on measure. (CR E414)
Mar 18, 1998
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1