H.R. 1663

To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for the depreciation of certain leasehold improvements.

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I

109th CONGRESS

1st Session

H. R. 1663

IN THE HOUSE OF REPRESENTATIVES

April 14, 2005

Mr. Shaw (for himself, Mr. Jefferson, Mr. Foley, Mr. Ford, Mr. English of Pennsylvania, Mr. Boehner, Mr. Blunt, Mr. Abercrombie, Mr. Simmons, Mr. Holt, and Mr. Gary G. Miller of California) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for the depreciation of certain leasehold improvements.

1.

Permanent extension of 15-year recovery period for depreciation of certain leasehold improvements

Section 168(e)(3)(E)(iv) of the Internal Revenue Code of 1986 (defining 15-year property) is amended by striking placed in service before January 1, 2006.