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.
Restaurant and Retail Jobs and Growth Act of 2015
(Sec. 2) This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.
Read twice and referred to the Committee on Finance.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 12.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-306.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-306.
Placed on the Union Calendar, Calendar No. 232.
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