To amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.
About This Bill
Passed
Latest Action · November 14, 2022
ASSUMING FIRST SPONSORSHIP - Mr. Hern asked unanimous consent that he may hereafter be considered to be the first sponsor of H.R. 7229, as bill originally introduced by Representative Walorski of Indiana, for the purposes of adding cosponsors and requesting re-printings pursuant to clause 7 of rule XII. Agreed to without objection.
Renewing Investment in American Workers and Supply Chains Act
This bill classifies nonresidential real property and residential rental property as 20-year property for depreciation purposes.
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