United States · Bill · S
S. 687 (112th)
A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property.
Introduced
30 March 2011
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Amends the Internal Revenue Code to make permanent the 15-year recovery period classification for qualified leasehold improvement, restaurant, and retail improvement property, for purposes of the depreciation tax deduction.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 30 March 2011
Introduced in Senate (PDF)
Introduced in Senate · EN · 30 March 2011
Introduced in Senate
summary · EN · 30 March 2011
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/112th-congress/senate-bill/687
- Open data entity: https://api.congress.gov/v3/bill/112/s/687