WASHINGTON, March 17 /U.S. Newswire/ — The Real Estate Roundtable today welcomed legislation (S. 621) introduced by Sens. Kent Conrad (D-N.D.) and Jon Kyl (R-Ariz.) to permanently extend the 15-year recovery period for the depreciation of leasehold improvements. The current 15-year depreciation provision, originally enacted into law as part of the American Jobs Creation Act of 2004, expires at the end of 2005. The measure enjoys broad, bipartisan support in both the Senate and House. The introduction of the bill came as the Senate Finance Committee holds hearings on the fate of over ninety expiring tax laws, including key real estate provisions.
Read
No related posts.
Article Author: Joshua DorkinJoshua has written 570 articles for us.
Visit Joshua's Website: http://www.biggerpockets.com/
Joshua Dorkin (@jrdorkin) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
Joshua Dorkin
