HR 3622
110th Congress
House
Taxation
Agriculture and Food
Commerce
Depreciation and amortization
Income tax
Restaurants
Tax deductions
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: September 20, 2007
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 20, 2007
Referred to the House Committee on Ways and Means.
Sep 20, 2007
Sponsor introductory remarks on measure. (CR E1940-1941)
Sep 20, 2007
Introduced in House
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1