From NAIOP Corporate – Working Hard on Your Behalf

March 25, 2013 at 8:52 am

Until 2004, the Internal Revenue Code required that depreciation for leasehold or tenant improvements (TI) occur over the economic life of the building structure itself – 39 years, rather than over the economic life of the improvements. In 2004, tax legislation was enacted that temporarily reduced this 39-year depreciation period for TI to 15 years – a period more reflective of the true economic life of TI in the modern commercial real estate market.

NAIOP strongly supports making the 15-year qualified leasehold improvement depreciation a permanent feature of the tax code, and will work with Congress to include it in comprehensive tax reform legislation.

Read more about the issue, status, talking points, and available resources

Entry filed under: Featured Articles.

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