118th Congress · HOUSE BILLBILL

H.R. 9069 — Renewing Investment in American Workers and Supply Chains Act

“To amend the Internal Revenue Code of 1986 to modify the depreciation of nonresidential real property and residential rental property.”

Taxation

Introduced Jul 18, 2024

Last action Jul 18, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jul 18, 2024

Step 2

Referred

Jul 18, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill assigns a 20-year recovery period to nonresidential real property and residential rental property for tax depreciation purposes.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jul 18, 2024

Introduced in House

Jul 18, 2024

Referred to the House Committee on Ways and Means.