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HR 3500 105th Congress House

To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.

Introduced: July 21, 1998 See on congress.gov
Taxation Building constructionBuilding leasesBusiness income taxCommerce
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Depreciation and amortizationIncome taxOffice buildingsTax deductions
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action March 18, 1998

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Neal, Richard E.
Massachusetts · Jul 21, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3500: To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.. 105th Congress. Open America. https://openamerica.io/bill/105-HR-3500/
MLA
"H.R. 3500: To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-3500/.
Bluebook (legal)
H.R. 3500, 105th Cong. (2026), https://openamerica.io/bill/105-HR-3500/.
Markdown link
[H.R. 3500: To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.](https://openamerica.io/bill/105-HR-3500/)
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