HR 9069
Renewing Investment in American Workers and Supply Chains Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
```json { "summary": "This bill, the Renewing Investment in American Workers and Supply Chains Act, modifies how businesses can deduct depreciation on real property. Specifically, it extends the recovery period for nonresidential real property and residential rental property to 20 years, and it adjusts the depreciation calculation to reflect current economic conditions. This aims to provide a more neutral cost recovery method for these types of properties, aligning depreciation with economic growth.", "keyProvisions": [ "Extends the depreciation recovery period for nonresidential real property and residential rental property to 20 years.", "Modifies depreciation calculations to use the Gross Domestic Product (GDP) deflator to adjust for inflation.", "Introduces a ‘neutral c
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.