H.R. 5314 · 111th Congress
To amend the Internal Revenue Code of 1986 to provide a 15-year recovery period for nonresidential real property in rural areas.
- Stage
- In committee
- Sponsor
- Adrian Smith
- Introduced
- 2010-05-13
- Latest action
- 2010-05-13 · Introduced in House
Summary
Amends the Internal Revenue Code to provide for accelerated depreciation (i.e., 15-year recovery period) for nonresidential real property placed in service in a rural area.