About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

H. Rept. 114-306 1 (2015-10-23)

handle is hein.congrecreports/crptxrew0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
      GP













                    114TH CONGRESS                                       REPORT
                       1st Session   HOUSE   OF REPRESENTATIVES          114-306







                     RESTAURANT AND RETAIL JOBS AND GROWTH ACT OF
                                                  2015



                    OCTOBER 23, 2015.-Committed to the Committee of the Whole House on the State
                                     of the Union and ordered to be printed



                     Mr.RYAN  of Wisconsin, from the Committee  on Ways  and Means,
                                        submitted  the following


                                            REPORT

                                              together with

                                          DISSENTING VIEWS

                                          [To accompany H.R. 765]

                             [Including cost estimate of the Congressional Budget Office]

                      The Committee   on Ways  and Means,  to whom   was referred the
                    bill (H.R. 765) to amend the Internal Revenue Code of 1986 to per-
                    manently extend the 15-year recovery period for qualified leasehold
                    improvement  property, qualified restaurant property, and qualified
                    retail improvement  property, having considered the  same, report
                    favorably thereon with an amendment  and  recommend  that the bill
                    as amended  do pass.

                                                CONTENTS
                                                                                  Page
                      I. SUMMARY  AND BACKGROUND   .............................................................  2
                            A. Purpose and  Sum m ary  .....................................................................  2
                            B. Background and Need  for Legislation  .............................................  2
                            C. Legislative  H istory  ...........................................................................  3
                     II. EXPLANATION OF THE BILL ..................................................................  3
                            A. Making Permanent 15-year Straight-Line Cost Recovery for
                               Qualified Leasehold Improvements, Qualified Restaurant
                               Buildings and Improvements, and Qualified Retail Improve-
                               m ents (sec. 168  of the  Code)  ..........................................................  3
                     III. VOTES OF THE COMMITTEE ....................................................................  6
                     IV. BUDGET EFFECTS OF THE  BILL ..........................................................  7
                            A. Committee Estimate of Budgetary Effects  ......................................  7
                            B. Statement Regarding New Budget Authority and Tax Expendi-
                               tures Budget Authority  .................................................................  7
                       59-006

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.