[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1869 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1869

 To amend the Internal Revenue Code of 1986 to restore incentives for 
             investments in qualified improvement property.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 26, 2019

  Mr. Panetta (for himself, Mrs. Walorski, Mr. Horsford, Mr. Kelly of 
 Pennsylvania, Ms. Sewell of Alabama, Mr. Holding, Mrs. Lee of Nevada, 
Mr. Barr, Mrs. Beatty, Mr. McKinley, Ms. Titus, Mr. Amodei, Mr. Correa, 
and Mr. Marchant) 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 restore incentives for 
             investments in qualified improvement property.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Restoring Investment in Improvements 
Act''.

SEC. 2. TECHNICAL AMENDMENTS REGARDING QUALIFIED IMPROVEMENT PROPERTY.

    (a) In General.--Section 168 of the Internal Revenue Code of 1986 
is amended--
            (1) in subsection (e)--
                    (A) in paragraph (3)(E), by striking ``and'' at the 
                end of clause (v), by striking the period at the end of 
                clause (vi) and inserting ``, and'', and by adding at 
                the end the following new clause:
                            ``(vii) any qualified improvement 
                        property.'', and
                    (B) in paragraph (6)(A), by inserting ``made by the 
                taxpayer'' after ``any improvement'', and
            (2) in the table contained in subsection (g)(3)(B)--
                    (A) by striking the item relating to subparagraph 
                (D)(v), and
                    (B) by inserting after the item relating to 
                subparagraph (E)(vi) the following new item:

        ``(E)(vii).........................................       20''.
    (b) Effective Date.--The amendments made by this section shall take 
effect as if included in section 13204 of Public Law 115-97.
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