Senate Bill 803
116th Congress(2019-2020)
Restoring Investment in Improvements Act
Introduced
Introduced in Senate on Mar 14, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
803
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No Senate votes have been held for this bill.
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).
March 14, 2019
03/14/2019
Read twice and referred to the Committee on Finance.
03/14/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 6:02:35 PM