HR 1634
108th Congress
House
Taxation
Building construction
Commerce
Depreciation and amortization
Income tax
Leases
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: April 3, 2003
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 3, 2003
Referred to the House Committee on Ways and Means.
Apr 3, 2003
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