Restoring Investment in Improvements Act
USA116th CongressS-803| Senate
| Updated: 3/14/2019
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (62)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Rick Scott (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Tammy Duckworth (Democratic)Margaret Wood Hassan (Democratic)Dan Sullivan (Republican)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Cindy Hyde-Smith (Republican)Richard J. Durbin (Democratic)David Perdue (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Christopher A. Coons (Democratic)Ron Johnson (Republican)Marsha Blackburn (Republican)Lamar Alexander (Republican)Todd Young (Republican)Angus S. King (Independent)Tom Cotton (Republican)James M. Inhofe (Republican)Michael B. Enzi (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)Martha McSally (Republican)Mitt Romney (Republican)John Boozman (Republican)Doug Jones (Democratic)Roy Blunt (Republican)Kelly Loeffler (Republican)Kyrsten Sinema (Independent)Jacky Rosen (Democratic)Joe Manchin (Independent)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Ben Sasse (Republican)James Lankford (Republican)John Kennedy (Republican)Deb Fischer (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Tina Smith (Democratic)Pat Roberts (Republican)Josh Hawley (Republican)John Cornyn (Republican)Susan M. Collins (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)John Hoeven (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Richard Burr (Republican)Shelley Moore Capito (Republican)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Restoring Investment in Improvements Act This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Building constructionBusiness investment and capitalIncome tax deductions
Restoring Investment in Improvements Act
USA116th CongressS-803| Senate
| Updated: 3/14/2019
Restoring Investment in Improvements Act This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (62)
Joni Ernst (Republican)Jeanne Shaheen (Democratic)Rick Scott (Republican)Bill Cassidy (Republican)Mike Braun (Republican)Tammy Duckworth (Democratic)Margaret Wood Hassan (Democratic)Dan Sullivan (Republican)Dianne Feinstein (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Cindy Hyde-Smith (Republican)Richard J. Durbin (Democratic)David Perdue (Republican)Jerry Moran (Republican)Mike Lee (Republican)James E. Risch (Republican)Christopher A. Coons (Democratic)Ron Johnson (Republican)Marsha Blackburn (Republican)Lamar Alexander (Republican)Todd Young (Republican)Angus S. King (Independent)Tom Cotton (Republican)James M. Inhofe (Republican)Michael B. Enzi (Republican)Lindsey Graham (Republican)Roger F. Wicker (Republican)Rand Paul (Republican)Martha McSally (Republican)Mitt Romney (Republican)John Boozman (Republican)Doug Jones (Democratic)Roy Blunt (Republican)Kelly Loeffler (Republican)Kyrsten Sinema (Independent)Jacky Rosen (Democratic)Joe Manchin (Independent)John Thune (Republican)Mike Rounds (Republican)Ted Cruz (Republican)Tim Scott (Republican)Ben Sasse (Republican)James Lankford (Republican)John Kennedy (Republican)Deb Fischer (Republican)John Barrasso (Republican)Johnny Isakson (Republican)Tina Smith (Democratic)Pat Roberts (Republican)Josh Hawley (Republican)John Cornyn (Republican)Susan M. Collins (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Steve Daines (Republican)John Hoeven (Republican)Mike Crapo (Republican)Lisa Murkowski (Republican)Richard Burr (Republican)Shelley Moore Capito (Republican)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Building constructionBusiness investment and capitalIncome tax deductions