To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain improvements to retail space.
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 5,354 other HR bills in the 108th — cohort avg 50d
No CRS summary is available for this bill yet. The source title, actions, sponsors, and text versions below come from Congress.gov.
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Filing registrants (1)
2004 · mid_year · Taxation/Internal Revenue Code
Lobbied for renewal of the Work Opportunity Tax Credit ("WOTC") and Welfare to Work Tax Credit ("WWTC"). Lobbied in favor of reduction of depreciable life of leasehold improvements from 39 to 15 years in H.R. 4520, the American Jobs Creation Act of 2004; also lobbied in favor of H.R. 3561 which would extend that concept to all retail improvements, whether leased or owned. Lobbied against H.R. 25, the so-called "Fair Tax Act" that would slap a 23% federal tax on all retail sales likely causing economic disruption and significant tax cheating. Lobbied in favor of H.R. 3184, the "Streamlined Sales and Use Tax Act" and its Senate companion bill S.1736,Congressional action to convert the voluntary streamlined sales and use tax agreement into a mandatory system for all retailers, and generally for tax policy equity between remote and in-state retailers. Lobbied against proposed punitive tariffs and actions on imports from China.
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Sources: Congress.gov
Client expense: Not reported · Firm income: $160,000
Government targets: Commerce, Dept of (DOC), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Oceanic & Atmospheric Administration (NOAA), SENATE