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Tax Changes: 20-Year Depreciation and Neutral Cost Recovery for Real Estate

The bill modifies depreciation rules by classifying nonresidential real property and residential rental property as 20-year property. It introduces a 'Neutral Cost Recovery' mechanism that adjusts annual depreciation deductions based on the GDP deflator. Additionally, the bill explicitly excludes these property types from being eligible for bonus depreciation.
Key points
Nonresidential real property and residential rental property are classified as 20-year property.
A 'Neutral Cost Recovery' ratio is introduced, adjusting depreciation deductions using the GDP deflator.
Properties subject to these new rules are explicitly excluded from bonus depreciation eligibility.
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Status: Expired
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Additional Information
Print number: 118_S_4924
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2024-08-01
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Renewing Investment in American Workers and Supply Chains Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4924.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-08-01.

What are the main provisions?

Key points include:

  • Nonresidential real property and residential rental property are classified as 20-year property.
  • A 'Neutral Cost Recovery' ratio is introduced, adjusting depreciation deductions using the GDP deflator.
  • Properties subject to these new rules are explicitly excluded from bonus depreciation eligibility.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate Economy