H.R. 4212 · 113th Congress
To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.
- Stage
- In committee
- Sponsor
- Mike Kelly
- Introduced
- 2014-03-12
- Latest action
- 2014-03-12 · Introduced in House
Summary
Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.