HR 1634 · 108th Congress · Taxation

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

Introduced 2003-04-03· 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.(2003-04-03)

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)

8 Democrats12 Republicans
Rep. Neal, Richard E. [D-MA-2]MA
Rep. English, Phil [R-PA-3]PA
Rep. Ramstad, Jim [R-MN-3]MN
Rep. Becerra, Xavier [D-CA-31]CA
Rep. Foley, Mark [R-FL-16]FL
Rep. Hayworth, J. D. [R-AZ-5]AZ
Rep. Lewis, John [D-GA-5]GA
Rep. Rangel, Charles B. [D-NY-15]NY
Rep. Lewis, Ron [R-KY-2]KY
Rep. Weller, Jerry [R-IL-11]IL
Rep. Stark, Fortney Pete [D-CA-13]CA
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. Herger, Wally [R-CA-2]CA
Rep. Johnson, Sam [R-TX-3]TX
Rep. Matsui, Robert T. [D-CA-5]CA
Rep. Larson, John B. [D-CT-1]CT
Rep. Lucas, Ken [D-KY-4]KY
Rep. Isakson, Johnny [R-GA-6]GA
Rep. McKeon, Howard P. "Buck" [R-CA-25]CA
Rep. Kolbe, Jim [R-AZ-8]AZ