Bill116th CongressFiled Dec 5, 2019Taxation
S. 2984
Multifamily Depreciation Parity Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Dec 5, 2019)
Multifamily Depreciation Parity Act of 2019
This bill allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).
What just happenedDec 5, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Thune, John [R-SD](R-SD)Sponsor
2 cosponsors2 R
2cosponsors1committees2actions1related bills3subjects
- Introduced in SenateDec 5, 2019
- Dec 5, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Dec 5, 2019IntroReferral10000
Introduced in Senate