[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2164 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 2164

 To amend the Internal Revenue Code of 1986 to extend for one year the 
      15-year straight-line cost recovery for qualified leasehold 
  improvements, qualified restaurant buildings and improvements, and 
                     qualified retail improvements.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 2015

 Mr. Grayson 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 extend for one year the 
      15-year straight-line cost recovery for qualified leasehold 
  improvements, qualified restaurant buildings and improvements, and 
                     qualified retail improvements.

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

SECTION 1. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR 
              QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT 
              BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL 
              IMPROVEMENTS.

    (a) In General.--Clauses (iv), (v), and (ix) of section 
168(e)(3)(E) of the Internal Revenue Code of 1986 are each amended by 
striking ``January 1, 2015'' and inserting ``January 1, 2016''.
    (b) Effective Date.--The amendments made by this section shall 
apply to property placed in service after December 31, 2014.
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