S 419
109th Congress
Senate
Taxation
Agriculture and Food
Commerce
Depreciation and amortization
Income tax
Restaurants
Tax deductions
A bill to amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction.
Introduced: February 17, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 2005
Read twice and referred to the Committee on Finance.
Feb 17, 2005
Sponsor introductory remarks on measure. (CR S1632-1633)
Feb 17, 2005
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1