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Leasehold Improvements: New Window of Opportunity for Tax Savings

Perhaps inadvertently, Congress gave a double profitability boost to law partners when it recently enacted the American Jobs Creation Act of 2004 ' a provision of which slashes the recovery period for leasehold improvements. To take advantage of these benefits, however, firms must invest in qualified leasehold improvements during 2005.

18 minute read February 24, 2005 at 10:28 AM
By
Joseph A. Bailey And Amy Choquette Smith
Leasehold Improvements: New Window of Opportunity for Tax Savings

Perhaps inadvertently, Congress gave a double profitability boost to law partners when it recently enacted the American Jobs Creation Act of 2004 ' a provision of which slashes the recovery period for leasehold improvements.

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