Leasehold Improvement Depreciation Act of 2007
To amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for the depreciation of certain leasehold improvements and to modify the depreciation rules relating to such leasehold improvements for purposes of computing earnings and profits.
Other Bill Titles (2 more) 4/24/2007--Introduced.
Leasehold Improvement Depreciation Act of 2007 - Amends the Internal Revenue Code to:
(1) make permanent the accelerated depreciation of qualified leasehold improvement property (i.e., a 15-year recovery period); and
(2) modify the rule ... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| April 24, 2007 |
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