H.R.3622 - To amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction.

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  • Official: To amend the Internal Revenue Code of 1986 to modify the treatment of qualified restaurant property as 15-year property for purposes of the depreciation deduction. as introduced.

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Introduced
 
House
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Senate
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President
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09/19/07
 
 
 
 
 
 
 

Official Bill Text Comment on about 1 Pages

Sponsor

Kendrick Meek

D-

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Official Summary

9/20/2007--Introduced.Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as impr
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Official Summary

9/20/2007--Introduced.
Amends the Internal Revenue Code to make permanent the 15-year recovery period for purposes of the tax deduction for depreciation of qualified restaurant property. Revises the term "qualified restaurant property" to include existing buildings as well as improvements to buildings.


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09/10/08
News Release | Press Room | National Restaurant Association

In the U.S. House, H.R. 3622, championed by Reps. Kendrick Meek of Florida and Patrick Tiberi of Ohio, would make permanent a 15-year depreciation schedule for newly constructed restaurants and restaurant improvements. ...

Source: National Restaurant Association News Release Feed
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07/26/08
NFIB.com - Beacon Hill Report -- July 24, 2008

... S. 3063/H.R. 4840 increasing access to capital by reducing S Corp. ownership restrictions and modernizing rules; S. 2170/H.R. 3622 making the 15-year depreciation schedule for investments in restaurant property permanent; ...

Source: Oklahoma Small-Business News From NFIB
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07/22/08
NFIB.com - NFIB/Tennessee Small Business Update -- July 22, 2008

Restaurant depreciation: S. 2170/H.R. 3622 would make permanent the 15-year depreciation period for qualified investments in restaurant property. Cash accounting: S. 296 would allow small businesses, except farms, to use the simplified ...

Source: Oklahoma Small-Business News From NFIB
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