S 803
116th Congress
Senate
Taxation
Building construction
Business investment and capital
Income tax deductions
Restoring Investment in Improvements Act
Introduced: March 14, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2019
Read twice and referred to the Committee on Finance.
Mar 14, 2019
Introduced in Senate
Plain-English summary
Restoring Investment in Improvements Act
This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1