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Bill116th CongressFiled Mar 14, 2019Taxation
S. 803

Restoring Investment in Improvements Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in senate (Mar 14, 2019)

Restoring Investment in Improvements Act

This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).

What just happenedMar 14, 2019

Read twice and referred to the Committee on Finance.

Who’s behind it

Sen. Toomey, Patrick [R-PA](R-PA)Sponsor
62 cosponsors12 D49 R1 I
Read on Congress.gov
62cosponsors1committees2actions2related bills3subjects
  1. Mar 14, 2019IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. Mar 14, 2019IntroReferral10000

    Introduced in Senate

Restoring Investment in Improvements Act — Informed