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Qualified Improvements

by | Dec 22, 2010 | Qualified Improvement

15-Year Recovery Period for Qualified Improvements

The Tax Bill signed December 17, 2010 extends the 15-year recovery period through 2010 and 2011 for:

Qualified leasehold improvements
Qualified restaurant improvements, and
Qualified retail improvements.

The 15-year recovery period previously expired at the end of 2009. The extension applies to 2010 as well as 2011.