S 2984
116th Congress
Senate
Taxation
Business investment and capital
Housing industry and standards
Income tax deductions
Multifamily Depreciation Parity Act of 2019
Introduced: December 5, 2019
Introduced by:
Thune, John
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2019
Read twice and referred to the Committee on Finance.
Dec 5, 2019
Introduced in Senate
Plain-English summary
Multifamily Depreciation Parity Act of 2019
This bill allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1