To amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction.
previous 110th session of congress Other Bill Titles (1 more) 9/20/2007--Introduced.
Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 20, 2007 |
In the News
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Blog Coverage
September 11, 2008 News Release | Press Room | National Restaurant Association
In the U.S. House, H.R. 3622, championed by Reps. Kendrick Meek of Florida and Patrick Tiberi of Ohio, would make permanent a 15-year depreciation schedule for newly constructed restaurants and restaurant improvements. ...
July 27, 2008 NFIB.com - Beacon Hill Report -- July 24, 2008
... S. 3063/H.R. 4840 increasing access to capital by reducing S Corp. ownership restrictions and modernizing rules; S. 2170/H.R. 3622 making the 15-year depreciation schedule for investments in restaurant property permanent; ...
July 23, 2008 NFIB.com - NFIB/Tennessee Small Business Update -- July 22, 2008
Restaurant depreciation: S. 2170/H.R. 3622 would make permanent the 15-year depreciation period for qualified investments in restaurant property. Cash accounting: S. 296 would allow small businesses, except farms, to use the simplified ...










