[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1663 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1663

 To amend the Internal Revenue Code of 1986 to permanently extend the 
   15-year recovery period for the depreciation of certain leasehold 
                             improvements.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2005

Mr. Shaw (for himself, Mr. Jefferson, Mr. Foley, Mr. Ford, Mr. English 
of Pennsylvania, Mr. Boehner, Mr. Blunt, Mr. Abercrombie, Mr. Simmons, 
    Mr. Holt, and Mr. Gary G. Miller of California) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend the 
   15-year recovery period for the depreciation of certain leasehold 
                             improvements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PERMANENT EXTENSION OF 15-YEAR RECOVERY PERIOD FOR 
              DEPRECIATION OF CERTAIN LEASEHOLD IMPROVEMENTS.

    Section 168(e)(3)(E)(iv) of the Internal Revenue Code of 1986 
(defining 15-year property) is amended by striking ``placed in service 
before January 1, 2006''.
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