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H.R. 9069 — Renewing Investment in American Workers and Supply Chains Act | PoliFocus

H.R. 9069118th Congress

Renewing Investment in American Workers and Supply Chains Act

To amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.

Sponsors

Rep. Hern, Kevin [R-OK-1]

6 cosponsors

Subjects

Taxation

Summary

Renewing Investment in American Workers and Supply Chains Act

This bill assigns a 20-year recovery period to nonresidential real property and residential rental property for tax depreciation purposes.

Full Text

Related Legislation

S. 4924Renewing Investment in American Workers and Supply Chains Act
2024-08-01Read twice and referred to the Committee on Finance.
Related

Legislative Actions

2024-07-18
Introduced in House
2024-07-18
Introduced in House
2024-07-18
Referred to the House Committee on Ways and Means.

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