HR 8996 · 119th CongressIn Committeecongress.gov ↗

To amend the Internal Revenue Code of 1986 to provide bonus depreciation for long-term residential rental housing.

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would change the tax code to allow owners of long-term residential rental housing to use bonus depreciation, which is a tax method that lets property owners deduct a larger portion of the cost of their property sooner rather than spreading it out over many years. No official summary is available for this bill.

Introduced

May 21, 2026

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