,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ecac  ,,in ,,the ,,house ,,of  
,,representatives  ,december #e1        
#bjai,mr4 ,morelle 7for himself and ,mr4
 ,wenstrup7 introduced the following    
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to allow for certain    
residential rental property to be       
depreciated over a #cj-year period4  #a4
 ,short title ,this ,act may be cited as
 the ,multifamily ,depreciation ,parity 
,act of #bjai4  #b4 ,depreciation of    
certain residential rental property over
 #cj-year period ,section #acbjd7;b7 of 
,public ,law #aae-ig is amended-- 7#a7  
in paragraph 7#a71 by striking paragraph
 7#b7 and inserting paragraphs 7#b7 and 
7#c72 and  7#b7 by adding at the end the
 following3  7#c7 ,certain residential  
rental property ,in the case of any     
residential rental property--  7,a7     
which was placed in service before      
,january #a1 #bjah1  7,b7 which is held 

by an electing real property trade or   
business 7as defined in section         
#afc7;j77#g77;,b7 of the ,internal      
,revenue ,code of #aihf71 and  7,c7 for 
which subparagraph 7,a71 7,b71 7,c71    
7,d71 7,e71 or 7,g7 of section          
#afh7;g77#a7 of the ,internal ,revenue  
,code of #aihf did not apply prior to   
such date1  the amendments made by      
subsection 7a77#c77;,c7 shall apply to  
taxable years beginning after ,december 
#ca1 #bjag4  4