HR 1030 · 107th Congress · Taxation

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

Introduced 2001-03-14· 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.(2001-03-14)

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)

9 Democrats11 Republicans
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Stark, Fortney Pete [D-CA-13]CA
Rep. Houghton, Amo [R-NY-31]NY
Rep. Matsui, Robert T. [D-CA-5]CA
Rep. Herger, Wally [R-CA-2]CA
Rep. Coyne, William J. [D-PA-14]PA
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Cardin, Benjamin L. [D-MD-3]MD
Rep. Camp, Dave [R-MI-4]MI
Rep. Lewis, John [D-GA-5]GA
Rep. Johnson, Sam [R-TX-3]TX
Rep. Neal, Richard E. [D-MA-2]MA
Rep. English, Phil [R-PA-21]PA
Rep. Becerra, Xavier [D-CA-30]CA
Rep. Watkins, Wes [R-OK-3]OK
Rep. Thurman, Karen L. [D-FL-5]FL
Rep. Hayworth, J. D. [R-AZ-6]AZ
Rep. McInnis, Scott [R-CO-3]CO
Rep. Foley, Mark [R-FL-16]FL