The Mechanical Electrical Sheet Metal Alliance
The Mechanical Electrical Sheet Metal Alliance(Chantilly, VA) has sent a letter to Congress expressing its support of the recently proposed legislation, H.R. 1030. This new legislation would amend the Internal Revenue Code to provide a 10-year depreciation life for leasehold improvements to commercial facilities. Under current law, owners must wait 39 years to depreciate the cost of improvements made each time a lease tenant is found.