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HR 2402 106th Congress House

Small Business Franchise Tax Relief Act of 1999

Official title: To amend the Internal Revenue Code of 1986 to establish a 15-year recovery period for franchise property, to provide a shorter recovery period for the deprecia… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to establish a 15-year recovery period for franchise property, to provide a shorter recovery period for the depreciation of certain leasehold improvements, to allow capital gain treatment on the transfer of a franchise in connection with the transfer of an existing business, and for other purposes.

Introduced: March 28, 2000 See on congress.gov
Taxation Building constructionBuilding leasesBusiness income taxCapital gains tax
More subjectsShow fewer subjects
CommerceConstruction costsCorporation taxesDepreciation and amortizationFranchises (Retail trade)Income taxOffice buildingsTax deductionsTax rates
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 1999
Referred to the House Committee on Ways and Means.
Jun 30, 1999
Introduced in House
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 Latest action June 30, 1999

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Small Business Franchise Tax Relief Act of 1999 - Amends the Internal Revenue Code to establish certain franchise operations as 15-year property under the accelerated cost recovery system (ACRS). Establishes certain qualified leasehold improvement property as 10-year ACRS property. Excepts certain franchises from the general rule pertaining to the capital gain treatment on the transfer of franchises, trademarks, and trade names.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Calvert, Ken
California · Jun 7, 2000
 R
Rogers, Harold
Kentucky · Mar 28, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2402: Small Business Franchise Tax Relief Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-2402/
MLA
"H.R. 2402: Small Business Franchise Tax Relief Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-2402/.
Bluebook (legal)
H.R. 2402, 106th Cong. (2026), https://openamerica.io/bill/106-HR-2402/.
Markdown link
[H.R. 2402: Small Business Franchise Tax Relief Act of 1999](https://openamerica.io/bill/106-HR-2402/)
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