HR 844 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.

Introduced 1999-02-24· Sponsored by Rep. Shaw, E. Clay, Jr. [R-FL-22]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1999-02-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

5 Democrats15 Republicans
Rep. Thomas, William M. [R-CA-21]CA
Rep. Lewis, John [D-GA-5]GA
Rep. English, Phil [R-PA-21]PA
Rep. Thurman, Karen L. [D-FL-5]FL
Rep. Johnson, Sam [R-TX-3]TX
Rep. Foley, Mark [R-FL-16]FL
Rep. Weller, Jerry [R-IL-11]IL
Rep. Canady, Charles T. [R-FL-12]FL
Rep. McCollum, Bill [R-FL-8]FL
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Calvert, Ken [R-CA-43]CA
Rep. Neal, Richard E. [D-MA-2]MA
Rep. McCrery, Jim [R-LA-4]LA
Rep. Andrews, Robert E. [D-NJ-1]NJ
Rep. Dunn, Jennifer [R-WA-8]WA
Rep. Kelly, Sue W. [R-NY-19]NY
Rep. Terry, Lee [R-NE-2]NE
Rep. McNulty, Michael R. [D-NY-21]NY
Rep. Lewis, Ron [R-KY-2]KY
Rep. Boehlert, Sherwood [R-NY-23]NY