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- S.271
S.271: A bill to amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain improvements to retail space.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 11, 2007
- Latest Major Action April 26, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 2 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow qualified retail improvement property a 15-year recovery period for purposes of the tax deduction for depreciation. Defines such property as any improvement to an interior portion of a building which is nonresidential real property, if: (1) such portion is open to the general public and is used in the trade or business of selling tangible personal property or services to the general public; and (2)...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Sponsor introductory remarks on measure.
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Sponsor introductory remarks on measure.
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| Jan. 11, 2007 |
Introduced in the Senate by Olympia J. Snowe (R-Maine) |