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United States · Bill · HR

H.R. 5527 (96th)

A bill to amend the Internal Revenue Code of 1954 to extend the application of Section 167 (k).

referredUnited States· United States Congress· EN

Introduced

10 October 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to extend to January 1, 1984, the period during which taxpayers may elect to depreciate rehabilitation expenditures with respect to low-income rental housing under the straight line method over a period of 60 months. Increases the amount of such expenditures that may be depreciated from $20,000 to $30,000.

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Documents

1 official file

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