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H.R. 1869: Restoring Investment in Improvements Act

The text of the bill below is as of Mar 26, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1869

IN THE HOUSE OF REPRESENTATIVES

March 26, 2019

(for himself, Mrs. Walorski, Mr. Horsford, Mr. Kelly of Pennsylvania, Ms. Sewell of Alabama, Mr. Holding, Mrs. Lee of Nevada, Mr. Barr, Mrs. Beatty, Mr. McKinley, Ms. Titus, Mr. Amodei, Mr. Correa, and Mr. Marchant) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to restore incentives for investments in qualified improvement property.

1.

Short title

This Act may be cited as the Restoring Investment in Improvements Act.

2.

Technical amendments regarding qualified improvement property

(a)

In general

Section 168 of the Internal Revenue Code of 1986 is amended—

(1)

in subsection (e)—

(A)

in paragraph (3)(E), by striking and at the end of clause (v), by striking the period at the end of clause (vi) and inserting , and, and by adding at the end the following new clause:

(vii)

any qualified improvement property.

, and

(B)

in paragraph (6)(A), by inserting made by the taxpayer after any improvement, and

(2)

in the table contained in subsection (g)(3)(B)—

(A)

by striking the item relating to subparagraph (D)(v), and

(B)

by inserting after the item relating to subparagraph (E)(vi) the following new item:

(E)(vii)20

.

(b)

Effective date

The amendments made by this section shall take effect as if included in section 13204 of Public Law 115–97.