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- S.803
S.803: Restoring Investment in Improvements Act
About This Bill
- Introduced March 14, 2019
- Latest Major Action March 14, 2019
Bill Sponsor
Bill Cosponsors
62 (12 Democrats, 1 Independent Democrat, 49 Republicans)
Bill Version
- Introduced in Senate - March 14, 2019
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).
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 14, 2019 |
Read twice and referred to the Committee on Finance.
|
March 14, 2019 |
Introduced in the Senate by Patrick J. Toomey (R-Pa.) |