H.R. 3948 — To amend the Internal Revenue Code of 1986 to extend for one year the 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements.

Summary

Amends the Internal Revenue Code to extend through 2014 the classification, for depreciation purposes, of leasehold, restaurant buildings, and retail improvements as 15-year property.

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Related Legislation

H.R. 3939Invest in United States Act of 2014
2014-06-13Referred to the Subcommittee on Workforce Protections.
Related
H.R. 4212To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.
2014-03-12Referred to the House Committee on Ways and Means.
Related
H.R. 5771Tax Increase Prevention Act of 2014
2014-12-19Became Public Law No: 113-295.
Related
S. 749A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.
2013-04-17Read twice and referred to the Committee on Finance.
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S. 1085Small Business Tax Certainty and Growth Act of 2013
2013-06-03Read twice and referred to the Committee on Finance.
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S. 1859Tax Extenders Act of 2013
2013-12-20Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
Related

Legislative Actions

2014-01-28
Introduced in House
2014-01-28
Introduced in House
2014-01-28
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to extend for one year the 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements.

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