HR 2014
110th Congress
House
Taxation
Commerce
Depreciation and amortization
Earnings
Income tax
Leases
Profit
Tax deductions
Leasehold Improvement Depreciation Act of 2007
Introduced: April 24, 2007
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 24, 2007
Referred to the House Committee on Ways and Means.
Apr 24, 2007
Introduced in House
Plain-English summary
Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and (2) modify the rule for determining the adjustment to earnings and profits for depreciation of such property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1