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

SEC. 737. 15-YEAR STRAIGHT-LINE COST RECOVERY FOR QUALIFIED LEASEHOLD IMPROVEMENTS, QUALIFIED RESTAURANT BUILDINGS AND IMPROVEMENTS, AND QUALIFIED RETAIL IMPROVEMENTS.(a) In General.—Clauses (iv), (v), and (ix) of section 168(e)(3)(E) are each amended by striking “January 1, 2010” and inserting “January 1, 2012”.(b) Conforming Amendments.—(1) Clause (i) of section 168(e)(7)(A) is amended by striking “if such building is placed in service after December 31, 2008, and before January 1, 2010,”.(2) Paragraph (8) of section 168(e) is amended by striking subparagraph (E).(3) Section 179(f)(2) is amended—(A) by striking “(without regard to the dates specified in subparagraph (A)(i) thereof)” in subparagraph (B), and(B) by striking “(without regard to subparagraph (E) thereof)” in subparagraph (C).(c) Effective Date.—The amendments made by this section shall apply to property placed in service after December 31, 2009.