Senate Bill 2984
116th Congress(2019-2020)
Multifamily Depreciation Parity Act of 2019
Introduced
Introduced in Senate on Dec 5, 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
2984
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
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).
December 5, 2019
12/05/2019
Read twice and referred to the Committee on Finance.
12/05/2019
Introduced in Senate
Public Record
Record Updated
Oct 28, 2022 1:46:04 AM