Summary: S.803 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.803. Bill summaries are authored by CRS.

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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).