S. 803 · 116th Congress · 2019–2020
Restoring Investment in Improvements Act
S. 803 in the 116th Congress (2019–2020) was introduced on Mar 14, 2019, sponsored by Patrick J. Toomey with 62 co-sponsors.
During the 116th Congress (2019–2020), Donald Trump was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Mar 14, 2019
- Co-sponsors
- 62
- Policy area
- Taxation
What it does
Restoring Investment in Improvements Act This bill confirms that the applicable recovery period for qualified improvement property (nonresidential real estate) for depreciation purposes is 15 years under the modified accelerated cost recovery system (MACRS) and 20 years under the alternative depreciation system (ADS).
Summary by the nonpartisan Congressional Research Service.
Sponsor
Patrick J. Toomey (R-PA). Co-sponsors: 12 Democrats, 49 Republicans, 1 Independent.
Where it stands
- IntroducedMar 14, 2019
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Mar 14, 2019)
More bills from Patrick J. Toomey in the 116th Congress
Other Taxation bills in the 116th Congress
- H.R. 3151: Taxpayer First Act
- H.R. 5363: FUTURE Act
- H.R. 4566: Virginia Beach Strong Act
- H.R. 25: FairTax Act of 2019
- H.R. 155: Hearing Protection Act
- S. 203: BRACE Act of 2019
- H.R. 218: Death Tax Repeal Act
- S. 362: Craft Beverage Modernization and Tax Reform Act of 2019
- S. 460: Employer Participation in Repayment Act of 2019
- H.R. 510: BRACE Act of 2019
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 803 (116th Congress): Restoring Investment in Improvements Act,” https://www.capitolreceipts.com/bill/116-s-803/restoring-investment-in-improvements-act (accessed 2026-10-16).