H.R.1634: To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.

About This Bill

Bill Cosponsors

84 (34 Democrats, 51 Republicans)

Bill Summary

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
Referred to the House Committee on Ways and Means.
April 3, 2003

Introduced in the House by E. Clay Shaw (R-Fla.)

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