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Legislative Update

Gov't Affairs News

House Ways and Means Takes Action on Extenders

Sep 18, 2015

On September 17, the House Ways and Means Committee approved NECA-supported legislation to permanently extend the 15-year recovery period for qualified leasehold, restaurant and retail improvements, and make permanent the 50-percent bonus depreciation. This legislation will provide much-needed certainty for NECA contractors so they can make vital investments and create more opportunity in the economy. The Senate Finance Committee recently moved similar legislation, but their version would only extend these tax breaks through the end of 2016.