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- H.R.3622
H.R.3622: To amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Sept. 20, 2007
- Latest Major Action Sept. 20, 2007
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
165 (86 Democrats, 80 Republicans)
Bill Summary
Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Sept. 20, 2007 |
Introduced in the House by Kendrick B. Meek (D-Fla.) |