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II
116TH CONGRESS
1ST SESSION
S. 803
To amend the Internal Revenue Code of 1986 to restore incentives for
investments in qualified improvement property.
IN THE SENATE OF THE UNITED STATES
MARCH 14, 2019
Mr. TOOMEY (for himself, Mr. JONES, Mr. KING, Mr. MANCHIN, Mr.
PORTMAN, Mr. ROBERTS, Mrs. SHAHEEN, Mr. THUNE, Ms. SINEMA, and
Ms. MCSALLY) introduced the following bill; which was read twice and
referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to restore
incentives for investments in qualified improvement property.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Restoring Investment
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in Improvements Act’’.
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SEC. 2. TECHNICAL AMENDMENTS REGARDING QUALIFIED
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IMPROVEMENT PROPERTY.
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(a) IN GENERAL.—Section 168 of the Internal Rev-
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enue Code of 1986 is amended—
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•S 803 IS
(1) in subsection (e)—
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(A) in paragraph (3)(E), by striking ‘‘and’’
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at the end of clause (v), by striking the period
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at the end of clause (vi) and inserting ‘‘, and’’,
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and by adding at the end the following new
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clause:
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‘‘(vii) any qualified improvement prop-
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erty.’’, and
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(B) in paragraph (6)(A), by inserting
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‘‘made by the taxpayer’’ after ‘‘any improve-
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ment’’, and
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(2) in the table contained in subsection
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(g)(3)(B)—
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(A) by striking the item relating to sub-
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paragraph (D)(v), and
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(B) by inserting after the item relating to
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subparagraph (E)(vi) the following new item:
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‘‘(E)(vii) .......................................................................................
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(b) EFFECTIVE DATE.—The amendments made by
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this section shall take effect as if included in section
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13204 of Public Law 115–97.
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