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S. 803: Restoring Investment in Improvements Act

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S. 803: Restoring Investment in Improvements Act

116th Congress · introduced 2019-03-14 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2019-03-14 · official record
  2. Who proposed it: Sen. Toomey, Patrick [R-PA] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Restoring Investment in Improvements Act

Plain summary

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).

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Restoring Investment in Improvements Act

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Toomey, Patrick [R-PA] · 62 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Angus S. King, Jr. (I-ME), Jeanne Shaheen (D-NH), John Thune (R-SD), Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), Roger F. Wicker (R-MS), Susan M. Collins (R-ME), Bill Cassidy (R-LA), Mike Rounds (R-SD), Steve Daines (R-MT), Marsha Blackburn (R-TN), Cindy Hyde-Smith (R-MS), Todd Young (R-IN), Ted Cruz (R-TX), John Barrasso (R-WY), John Cornyn (R-TX), Margaret Wood Hassan (D-NH), Josh Hawley (R-MO), Dan Sullivan (R-AK), Joni Ernst (R-IA), Lisa Murkowski (R-AK), James Lankford (R-OK), Christopher A. Coons (D-DE), Mike Crapo (R-ID), John Hoeven (R-ND), Richard J. Durbin (D-IL), Shelley Moore Capito (R-WV), Tammy Duckworth (D-IL), Tim Scott (R-SC), Tina Smith (D-MN), Rand Paul (R-KY), Jerry Moran (R-KS), Ron Johnson (R-WI), Thom Tillis (R-NC), James E. Risch (R-ID), Tom Cotton (R-AR), John Boozman (R-AR), Deb Fischer (R-NE), Rick Scott (R-FL), Mike Lee (R-UT), John Kennedy (R-LA) and 2 more.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-s803 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116