S. 803 · 116th Congress
Restoring Investment in Improvements Act
- Stage
- In committee
- Sponsor
- Pat Toomey
- Introduced
- 2019-03-14
- Latest action
- 2019-03-14 · Introduced in Senate
Summary
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).