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- S.2984
S.2984: Multifamily Depreciation Parity Act of 2019
About This Bill
- Introduced Dec. 5, 2019
- Latest Major Action Dec. 5, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - Dec. 5, 2019
Bill Summary
Multifamily Depreciation Parity Act of 2019 This bill allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Dec. 5, 2019 |
Read twice and referred to the Committee on Finance.
|
| Dec. 5, 2019 |
Introduced in the Senate by John Thune (R-S.D.) |