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S. 4924

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.
About This Bill
Committee
Latest Action · August 1, 2024
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
August 1, 2024
Cosponsors (0)
None
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Summary

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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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