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H.R. 1634

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain leasehold improvements.
About This Bill
Committee
Latest Action · April 3, 2003
Referred to the House Committee on Ways and Means.
Congress
108th (2003–2005)
Introduced
April 3, 2003
Sponsor
Cosponsors (84)
34D 50R
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Summary

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Amends the Internal Revenue Code to classify qualified leasehold improvement property (defined as certain improvements made to an interior portion of nonresidential real property) as ten-year property for depreciation purposes under the Accelerated Cost Recovery System.

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