3.0.0 297 2023-01-11T20:05:37Z 2023-01-11T20:05:37Z Senate S S 2007-01-16 110 ssfi00 Finance Committee Senate Standing Referred to 2007-01-16T17:05:58Z 2007-01-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-01-16 Introduced in Senate IntroReferral 10000 9 Library of Congress S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO N Taxation Agriculture and Food Armed Forces and National Security Commerce Depreciation and amortization Disabled Income tax Labor and Employment Restaurants Retail trade Tax credits Tax deductions Veterans' employment Taxation 00 2007-01-16 Introduced in Senate 2007-02-01T20:52:32Z Business Relief and Incentives for Small Entrepreneurs Act of 2007 or the Business RAISE Act - Amends the Internal Revenue Code to: (1) allow accelerated depreciation (i.e., 15-year recovery period) of qualified retail improvement property (defined as any improvement to the interior portion of any nonresidential building used in the trade or business of selling retail goods or services to the general public) placed in service before January 1, 2008; (2) allow new improvements to restaurant property to qualify for accelerated depreciation; and (3) expand the eligibility of certain disabled veterans for employment under the work opportunity tax credit.

]]> Business RAISE Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide 15-year straight-line cost recovery for certain improvements to retail space and for qualified new restaurant improvements and to expand the eligibility for the work opportunity tax credit to all disabled veterans. Introduced in Senate IS Display Title Business RAISE Act Short Titles as Introduced Business RAISE Act Short Titles as Introduced Business Relief and Incentives for Small Entrepreneurs Act of 2007 Introduced in Senate 2007-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s297is/xml/BILLS-110s297is.xml 2007-01-16 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.