All Information (Except Text) for S.803 - Restoring Investment in Improvements Act116th Congress (2019-2020) |
|Sponsor:||Sen. Toomey, Pat [R-PA] (Introduced 03/14/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/14/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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- Passed Senate
- Passed House
- To President
- Became Law
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|03/14/2019||Introduced in Senate|
03/14/2019 Introduced in Senate
All Actions (1)
|03/14/2019||Read twice and referred to the Committee on Finance.|
Action By: Senate
03/14/2019 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||03/14/2019||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (03/14/2019)
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).