S 2241 · 95th Congress · Public Lands and Natural Resources

A bill to amend the Internal Revenue Code of 1954 to permit long-term lessees to take the amortization deduction, in lieu of depreciation, for rehabilitation of certified historic structures.

Introduced 1977-10-27· Sponsored by Sen. Johnston, J. Bennett [D-LA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-10-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow long term lessees of certified historic structures to amortize on a 60 month basis expenses incurred in rehabilitating the structure.…

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