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S 394 114th Congress Senate

Depreciation Fairness Act of 2015

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: February 27, 2015 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 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Feb 5, 2015
Read twice and referred to the Committee on Finance.
Feb 5, 2015
Introduced in Senate
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 Latest action February 5, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Depreciation Fairness Act of 2015

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

 Related & companion bills 1
  • HR 765 Related bill Restaurant and Retail Jobs and Growth Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 1 Republican 5
R
Collins, Susan M.
Maine · Apr 27, 2015
 R
Wicker, Roger F.
Mississippi · Apr 14, 2015
Isakson, Johnny
· Feb 27, 2015
 R
Risch, James E.
Idaho · Feb 25, 2015
Burr, Richard
· Feb 9, 2015
 D
Klobuchar, Amy
Minnesota · Feb 9, 2015
 R
Cornyn, John
Texas · Feb 5, 2015
 R
Crapo, Mike
Idaho · Feb 5, 2015
Vitter, David
· Feb 5, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 394: Depreciation Fairness Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-394/
MLA
"S. 394: Depreciation Fairness Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-394/.
Bluebook (legal)
S. 394, 114th Cong. (2026), https://openamerica.io/bill/114-S-394/.
Markdown link
[S. 394: Depreciation Fairness Act of 2015](https://openamerica.io/bill/114-S-394/)
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