H.R.1265: To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.

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118 (29 Democrats, 89 Republicans)

Bill Summary

Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
March 30, 2011

Introduced in the House by Jim Gerlach (R-Pa.)

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