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Multifamily Depreciation Parity Act of 2019
10/28/2022, 1:46 AM
Congressional Summary of S 2984
Multifamily Depreciation Parity Act of 2019
This bill allows the depreciation of certain residential rental property placed in service prior to January 1, 2018, over a 30-year period (currently, such property is subject to a 40-year depreciation period).
Read the Full Bill
Current Status of Bill S 2984
Bill S 2984 is currently in the status of Bill Introduced since December 5, 2019. Bill S 2984 was introduced during Congress 116 and was introduced to the Senate on December 5, 2019. Bill S 2984's most recent activity was Read twice and referred to the Committee on Finance. as of December 5, 2019
Bipartisan Support of Bill S 2984
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
0Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2984
Primary Policy Focus
TaxationPotential Impact Areas
- Business investment and capital
- Housing industry and standards
- Income tax deductions
Alternate Title(s) of Bill S 2984
Multifamily Depreciation Parity Act of 2019
Multifamily Depreciation Parity Act of 2019
A bill to amend the Internal Revenue Code of 1986 to allow for certain residential rental property to be depreciated over a 30-year period.
Comments
Sponsors and Cosponsors of S 2984
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