Sec. 123. EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS

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## SEC. 123 EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS ###

(a)Qualified Leasehold Improvement Property and Qualified Restaurant Property **[**[26 U.S.C. 168](/us/usc/t26/s168)**]** Clauses

(iv)and

(v)of section 168(e)(3)(E) are each amended by striking “placed in service before January 1, 2015”. ###

(b)Qualified Retail Improvement Property Section 168(e)(3)(E)(ix) is amended by striking “placed in service after December 31, 2008, and before January 1, 2015”. ###

(c)Effective Date **[**[26 U.S.C. 168 note](/us/usc/t26/s168)**]** The amendments made by this section shall apply to property placed in service after December 31, 2014.

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U.S. Code

Accelerated cost recovery system
§ 168

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Sec. 123

EXTENSION OF 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS

U.S.C.§ 168

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