S.803: Restoring Investment in Improvements Act

About This Bill

  • Introduced March 14, 2019
  • Latest Major Action March 14, 2019

Bill Cosponsors

62 (12 Democrats, 1 Independent Democrat, 49 Republicans)

Bill Version

Bill Summary

Restoring Investment in Improvements Act This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).

(Source: Library of Congress)

Bill Actions

Date Description
March 14, 2019
Read twice and referred to the Committee on Finance.
March 14, 2019

Introduced in the Senate by Patrick J. Toomey (R-Pa.)

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