S. 2984 · 116th Congress
Multifamily Depreciation Parity Act of 2019
- Stage
- In committee
- Sponsor
- John Thune
- Introduced
- 2019-12-05
- Latest action
- 2019-12-05 · Introduced in Senate
Summary
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).