US SB394 | 2015-2016 | 114th Congress
Status
Sponsorship: Slight Partisan Bill (Republican 11-5)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Depreciation Fairness Act of 2015 This bill amends the Internal Revenue Code to make permanent the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property for purposes of the tax deduction for depreciation.
Title
Depreciation Fairness Act of 2015
Sponsors
| Sen. Robert Casey [D-PA] | Sen. John Cornyn [R-TX] | Sen. Sherrod Brown [D-OH] | Sen. Dean Heller [R-NV] |
| Sen. Debbie Stabenow [D-MI] | Sen. David Vitter [R-LA] | Sen. Robert Menendez [D-NJ] | Sen. James Inhofe [R-OK] |
| Sen. Mike Crapo [R-ID] | Sen. Pat Roberts [R-KS] | Sen. Richard Burr [R-NC] | Sen. Amy Klobuchar [D-MN] |
| Sen. James Risch [R-ID] | Sen. Johnny Isakson [R-GA] | Sen. Roger Wicker [R-MS] | Sen. Susan Collins [R-ME] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-02-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB765 (Related) 2015-10-23 - Placed on the Union Calendar, Calendar No. 232.
Subjects
Business investment and capital
Food industry and services
Income tax deductions
Retail and wholesale trades
Taxation
Food industry and services
Income tax deductions
Retail and wholesale trades
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/394/all-info |
| Text | https://www.congress.gov/114/bills/s394/BILLS-114s394is.pdf |
