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- S.1361
S.1361: Leasehold Improvement Depreciation Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced May 10, 2007
- Latest Major Action May 10, 2007
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 3 Republicans)
Bill Summary
Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and (2) modify the rule for determining the adjustment to earnings and profits for depreciation of such property.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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May 10, 2007 |
Introduced in the Senate by Kent Conrad (D-N.D.) |