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Renewing Investment in American Workers and Supply Chains Act

12/29/2022, 11:48 PM

Congressional Summary of S 4012

Renewing Investment in American Workers and Supply Chains Act

This bill classifies nonresidential real property and residential rental property as 20-year property for depreciation purposes.

Read the Full Bill

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Current Status of Bill S 4012

Bill S 4012 is currently in the status of Bill Introduced since April 6, 2022. Bill S 4012 was introduced during Congress 117 and was introduced to the Senate on April 6, 2022.  Bill S 4012's most recent activity was Read twice and referred to the Committee on Finance. as of April 6, 2022

Bipartisan Support of Bill S 4012

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4012

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4012

Renewing Investment in American Workers and Supply Chains Act
Renewing Investment in American Workers and Supply Chains Act
A bill to amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.

Comments

Sponsors and Cosponsors of S 4012

Mike Braun
Mike Braun
IndianaRepublican

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