S.1087: Business Property Economic Revitalization Act of 2001

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about taxation
  • Introduced June 22, 2001
  • Latest Major Action June 22, 2001

Bill Sponsor

Bill Summary

Business Property Economic Revitalization Act of 2001 - Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
June 22, 2001

Introduced in the Senate by Kent Conrad (D-N.D.)

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