In CommitteeFiled May 21, 2026
Sponsor: Rep. Sánchez, Linda T. [D-CA-38] (D)
Latest Action
Referred to the House Committee on Ways and Means.
May 21, 2026
Summary
The bill lets owners of newly built rental buildings with at least two units claim an immediate depreciation deduction equal to either $150,000 per unit or the full cost of the building, whichever is lower. If the building qualifies for the low‑income housing tax credit, the per‑unit amount rises to $250,000 and the recapture period is extended. The deduction is optional and must be elected on the tax return.
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