S 621 · 109th Congress · Taxation
A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for the depreciation of certain leasehold improvements.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2736)(2005-03-15)
Plain Language Summary
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Amends the Internal Revenue Code to make permanent the 15-year recovery period for the depreciation of qualified leasehold improvement property (property held and improved by a lessor).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (5)
2 Democrats3 Republicans