HR 2014 · 110th Congress · Taxation

Leasehold Improvement Depreciation Act of 2007

Introduced 2007-04-24· Sponsored by Rep. Crowley, Joseph [D-NY-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2007-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and (2) modify the rule for determining the adjustment to earnings and profits for depreciation of such property.…

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

Cosponsors (13)

6 Democrats7 Republicans
Rep. Weller, Jerry [R-IL-11]IL
Rep. Davis, Tom [R-VA-11]VA
Rep. English, Phil [R-PA-3]PA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Abercrombie, Neil [D-HI-1]HI
Rep. Sessions, Pete [R-TX-32]TX
Rep. Holt, Rush [D-NJ-12]NJ
Rep. Terry, Lee [R-NE-2]NE
Rep. Johnson, Sam [R-TX-3]TX
Rep. Pastor, Ed [D-AZ-4]AZ
Rep. Aderholt, Robert B. [R-AL-4]AL
Rep. Wu, David [D-OR-1]OR
Rep. Altmire, Jason [D-PA-4]PA