S. 621Senate109th Congress (2005-2007)In Committee

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.

Introduced March 15, 2005

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2736)

March 15, 2005

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SenateIntro Referral

Introduced in Senate

March 15, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2735-2736)

March 15, 2005

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2736)

March 15, 2005

Floor Debate

24 members

What members said about S. 621 on the floor

12 Republicans11 Democrats1 Independent
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Mar 16, 2005

I thank the Chair. Mr. President, as we all know, this budget cuts a score of critical domestic programs: food for women and infants; community development block grants for cities, which cities use…

Maria Cantwell
Sen. Maria CantwellD-WA · Mar 16, 2005

I ask unanimous consent we move to the Cantwell amendment regarding ANWR and use up that time and recognize the Senator from North Dakota when he returns. Mr. President, I have submitted to the desk…

Arlen Specter
Sen. Arlen SpecterR-PA · Mar 16, 2005

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I thank the Chair. Amendment No. 173 I send an amendment to the desk and ask for its immediate consideration. I…

Larry E. Craig
Sen. Larry E. CraigR-ID · Mar 16, 2005

Mr. President, let me thank the Senator from Alaska for those few moments to speak to what I believe and many of us believe to be a phenomenally important issue for the Senate to be addressing. Let…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Mar 15, 2005

Mr. President, I rise today to introduce the Paiute Indian Tribe Land Conveyance Act of 2005. This bill would authorize the Secretary of the Interior to convey or transfer four small Paiute trust…

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Kent Conrad
Sen. Kent ConradD-ND · Mar 16, 2005

Mr. President, this is out of the amendment time, and there is 45 minutes on our side. We have many speakers. Can the Senator go for 7 minutes? If Senator Specter has not appeared by then, we can…

Russell D. Feingold
Sen. Russell D. FeingoldD-WI · Mar 16, 2005

Mr. President, I rise today to express my strong support for the Cantwell amendment to strike the reconciliation instruction to the Energy Committee that allows for drilling in the Arctic National…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Mar 15, 2005

Mr. President, this week marks the first national ``Sunshine Week.'' The centerpiece of this week is Freedom of Information Day, which falls on March 16, the anniversary of James Madison's birthday.…

Michael B. Enzi
Sen. Michael B. EnziR-WY · Mar 16, 2005

Mr. President, I also thank the Senator from North Dakota and the Senator from Pennsylvania for making this arrangement so the flow of debate on this particular amendment can stay intact. I do rise…

Ted Stevens
Sen. Ted StevensR-AK · Mar 16, 2005

Will the Senator yield? The Senator from Washington has already taken 10 minutes off the resolution on this amendment. But it still unbalances this time. I ask unanimous consent I have 10 minutes,…

John F. Kerry
Sen. John F. KerryD-MA · Mar 16, 2005

Mr. President, I thank Senator Cantwell for her leadership. I regret we are here at this time on the budget talking about a major legislative issue, a major energy policy issue which is being…

George V. Voinovich
Sen. George V. VoinovichR-OH · Mar 16, 2005

Mr. President, I rise in support of the Voinovich- Feingold amendment to restore integrity to our current pay-go process. These are not ordinary times and it is not a time for business as usual. The…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 16, 2005

I rise in opposition to the Feingold amendment. I do that with a realization that there is a great need for deficit reduction. Who can find fault with the objectives of Senator Feingold's amendment?…

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Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Mar 16, 2005

Mr. President, at this time I yield 5 minutes to the Senator from Virginia. Mr. President, I yield 5 minutes to the Senator from South Dakota. Mr. President, I yield 3 minutes to my colleague from…

Max Baucus
Sen. Max BaucusD-MT · Mar 15, 2005

Mr. President, I am pleased to again join with my friend, Senator Hatch, in introducing legislation to make a permanent commitment to research-intensive businesses in the United States. This…

Judd Gregg
Sen. Judd GreggR-NH · Mar 16, 2005

Will the Senator yield for a question? I believe the Senator from Wyoming was going to speak in opposition to the amendment of the Senator from Pennsylvania. He was going to talk about that. Did the…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Mar 16, 2005

Mr. President, I rise today in support of Alaska's indigenous peoples, the Alaska natives. I will oppose the Cantwell amendment. My position is based on my experiences in Alaska when I visited the…

Pete V. Domenici
Sen. Pete V. DomeniciR-NM · Mar 16, 2005

Mr. President, I don't need any time to discuss the matter. I need a unanimous consent request. I wonder if the Senator will yield to me to do that. This has to do with a time allotment on our side…

Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · Mar 16, 2005

Mr. President, I am pleased to join Senator Byrd and my other colleagues to offer this amendment, to repair a major flaw in the budget resolution. I was shocked when the President sent his budget…

Trent Lott
Sen. Trent LottR-MS · Mar 16, 2005

I have an inquiry. The Senator from Washington has 5 minutes she was going to use. I was under the impression that the Senator from Washington had 5 minutes. If she is willing to wait, I ask…

James M. Jeffords
Sen. James M. JeffordsI-VT · Mar 16, 2005

Mr. President, I rise today to express my support for the Akaka amendment #149 to add desperately needed funds to this budget for veterans health care. I am pleased to be a cosponsor of this…

Charles E. Schumer
Sen. Charles E. SchumerD-NY · Mar 15, 2005

Mr. President, I am pleased to come to the floor today and introduce legislation that would allow a $1,000 refundable tax credit for the true heroes in our society: those brave and dedicated…

Barack Obama
Sen. Barack ObamaD-IL · Mar 16, 2005

Mr. President, I rise to discuss an issue on which I hope we can find common ground. Today, we have thousands of brave men and women risking their lives for us halfway around the world. At home, we…

Jon Kyl
Sen. Jon KylR-AZ · Mar 16, 2005

Mr. President, I ask the Presiding Officer to let me know when I have spoken for 5 minutes. I would appreciate that. This amendment should be opposed primarily because there is a big difference…

Bill Text

Latest available legislative text

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Introduced in SenateIssued March 15, 2005

II

109th CONGRESS

1st Session

S. 621

IN THE SENATE OF THE UNITED STATES

March 15, 2005

Mr. Conrad (for himself and Mr. Kyl) introduced the following bill; which was read twice and referred to the Committee on Finance

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 before January 1, 2006.