Section 1 Short title
This Act may be cited as the “Restoring Investment in Improvements Act”.
Restoring Investment in Improvements Act
A BILL
To amend the Internal Revenue Code of 1986 to restore incentives for investments in qualified improvement property.
Sec. 2 Technical amendments regarding qualified improvement property
in subsection (e)—
in paragraph (3)(E), by striking “and” at the end of clause (v), by striking the period at the end of clause (vi) and inserting “, and”, and by adding at the end the following new clause:
“(vii) any qualified improvement property.”
in paragraph (6)(A), by inserting “made by the taxpayer” after “any improvement”, and
in the table contained in subsection (g)(3)(B)—
by striking the item relating to subparagraph (D)(v), and
by inserting after the item relating to subparagraph (E)(vi) the following new item:
Effective date— The amendments made by this section shall take effect as if included in section 13204 of Public Law 115–97.