A bill to amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.
Renewing Investment in American Workers and Supply Chains Act
This bill classifies nonresidential real property and residential rental property as 20-year property for depreciation purposes.
ASSUMING FIRST SPONSORSHIP - Mr. Hern asked unanimous consent that he may hereafter be considered to be the first sponsor of H.R. 7229, as bill originally introduced by Representative Walorski of Indiana, for the purposes of adding cosponsors and requesting re-printings pursuant to clause 7 of rule XII. Agreed to without objection.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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