Summary: H.R.3622 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.3622. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/20/2007)

Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.