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S 749 113th Congress Senate Taxation Business investment and capital Food industry and services Income tax deductions Retail and wholesale trades

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…

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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: April 17, 2013 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 17, 2013
Read twice and referred to the Committee on Finance.
Apr 17, 2013
Introduced in Senate
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 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.

What's happening now April 17, 2013

Read twice and referred to the Committee on Finance.

 Related & companion bills 3
  • HR 3939 Related bill Invest in United States Act of 2014
  • HR 3948 Related bill To amend the Internal Revenue Code of 1986 to extend for one year the 15-year straight-line cost recovery for qualified…
  • HR 4212 Related 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 7
All 7 Democratic 1 Republican 5 Independent 1
I
King, Angus S., Jr.
Maine · May 22, 2013
 R
Collins, Susan M.
Maine · Apr 17, 2013
 R
Cornyn, John
Texas · Apr 17, 2013
 R
Crapo, Mike
Idaho · Apr 17, 2013
 D
Klobuchar, Amy
Minnesota · Apr 17, 2013
 R
Risch, James E.
Idaho · Apr 17, 2013
 R
Wicker, Roger F.
Mississippi · Apr 17, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 749: 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.. 113th Congress. Open America. https://openamerica.io/bill/113-S-749/
MLA
"S. 749: 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.." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-749/.
Bluebook (legal)
S. 749, 113th Cong. (2026), https://openamerica.io/bill/113-S-749/.
Markdown link
[S. 749: 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/113-S-749/)
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