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S 687 112th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail…

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified res… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.

Introduced: March 30, 2011 See on congress.gov
Taxation Business investment and capitalFood industry and servicesIncome tax deductionsRetail and wholesale trades
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Mar 30, 2011
Read twice and referred to the Committee on Finance.
Mar 30, 2011
Introduced in Senate
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 Latest action March 30, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.

 Related & companion bills 1
  • HR 1265 Identical bill To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold im…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 2 Republican 6
R
Collins, Susan M.
Maine · Apr 23, 2012
 D
Blumenthal, Richard
Connecticut · Apr 17, 2012
 D
Klobuchar, Amy
Minnesota · Apr 17, 2012
 R
Boozman, John
Arkansas · Mar 8, 2012
 R
Risch, James E.
Idaho · Mar 6, 2012
Isakson, Johnny
· Nov 2, 2011
 R
Cornyn, John
Texas · Mar 30, 2011
 R
Crapo, Mike
Idaho · Mar 30, 2011
Vitter, David
· Mar 30, 2011
 R
Wicker, Roger F.
Mississippi · Mar 30, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 687: A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.. 112th Congress. Open America. https://openamerica.io/bill/112-S-687/
MLA
"S. 687: A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-687/.
Bluebook (legal)
S. 687, 112th Cong. (2026), https://openamerica.io/bill/112-S-687/.
Markdown link
[S. 687: A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.](https://openamerica.io/bill/112-S-687/)
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