Leasehold Depreciation and Brownfields Expansion Survive House Vote

June 21, 2004

On Thursday, June 17, the House passed H.R. 4520, the American Jobs Creation Act of 2004, by a vote of 251 to 178. The bill contains two provisions backed by MBA:

Related Links:
H.R. 4520, the American Jobs Creation Act of 2004 [pdf]
  • Leasehold Improvement Depreciation. For two years, the leasehold improvement depreciation period is reduced from 39 to 15 years.
  • Brownfields. The bill provides for a two-year extension of the Small Business Liability Relief and Brownfields Revitalization Act which authorizes a federal grant program for expensing brownfields cleanup.


Contact ALTA at 202-296-3671 or communications@alta.org.

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