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Multifamily Depreciation Parity Act of 2019

USA116th CongressS-2984| Senate 
| Updated: 12/5/2019
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (2)
Todd Young (Republican)Johnny Isakson (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Multifamily Depreciation Parity Act of 2019 This bill 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).
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Timeline
Dec 5, 2019

Latest Companion Bill Action

HR 116-5313
Introduced in House
Dec 5, 2019
Introduced in Senate
Dec 5, 2019
Read twice and referred to the Committee on Finance.
  • December 5, 2019

    Latest Companion Bill Action

    HR 116-5313
    Introduced in House


  • December 5, 2019
    Introduced in Senate


  • December 5, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-5313: Multifamily Depreciation Parity Act of 2019
Business investment and capitalHousing industry and standardsIncome tax deductions

Multifamily Depreciation Parity Act of 2019

USA116th CongressS-2984| Senate 
| Updated: 12/5/2019
Multifamily Depreciation Parity Act of 2019 This bill 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).
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 5, 2019

Latest Companion Bill Action

HR 116-5313
Introduced in House
Dec 5, 2019
Introduced in Senate
Dec 5, 2019
Read twice and referred to the Committee on Finance.
  • December 5, 2019

    Latest Companion Bill Action

    HR 116-5313
    Introduced in House


  • December 5, 2019
    Introduced in Senate


  • December 5, 2019
    Read twice and referred to the Committee on Finance.
John Thune

John Thune

Republican Senator

South Dakota

Cosponsors (2)
Todd Young (Republican)Johnny Isakson (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-5313: Multifamily Depreciation Parity Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalHousing industry and standardsIncome tax deductions