US SB2984 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on December 5 2019 - 25% progression, died in committee
Action: 2019-12-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).

Tracking Information

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Title

Multifamily Depreciation Parity Act of 2019

Sponsors


History

DateChamberAction
2019-12-05SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB5313 (Same As) 2019-12-05 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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