To amend the Internal Revenue Code of 1986 to allow a special depreciation allowance for qualified early childhood education centers.
Latest action (1 Oct 2026): Introduced
What this bill does
This bill, H.R. 10657, sponsored by Representative Jeff Crank, would aim to amend the tax code. Specifically, it proposes to allow a special depreciation allowance for buildings and equipment used as qualified early childhood education centers. Depreciation is a tax deduction that allows businesses to recover the cost of certain assets over time.
The bill, if enacted, would affect early childhood education centers that qualify under the terms that will be detailed in the full bill text. By allowing a special depreciation allowance, it could potentially reduce the tax burden for these centers, which may impact their ability to invest in or expand their facilities and resources.
H.R. 10657 has been introduced in the 119th Congress. As of now, its only action is its introduction. The bill has not yet been referred to a committee or advanced through any legislative stages. The full details of its provisions, including specific eligibility requirements for the depreciation allowance and the exact percentage or rules for this allowance, are not yet publicly available as the official text has not been published.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on October 1, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10657 do?
- This bill, H.R. 10657, sponsored by Representative Jeff Crank, would aim to amend the tax code. Specifically, it proposes to allow a special depreciation allowance for buildings and equipment used as qualified early childhood education centers. Depreciation is a tax deduction that allows businesses to recover the cost of certain assets over time. The bill, if enacted, would affect early childhood education centers that qualify under the terms that will be detailed in the full bill text. By allowing a special depreciation allowance, it could potentially reduce the tax burden for these centers, which may impact their ability to invest in or expand their facilities and resources. H.R. 10657 has been introduced in the 119th Congress. As of now, its only action is its introduction. The bill has not yet been referred to a committee or advanced through any legislative stages. The full details of its provisions, including specific eligibility requirements for the depreciation allowance and the exact percentage or rules for this allowance, are not yet publicly available as the official text has not been published.
- Has H.R. 10657 become law?
- Not yet. As of 1 Oct 2026, H.R. 10657 is introduced.
- Who sponsored H.R. 10657?
- H.R. 10657 was sponsored by Rep. Jeff Crank [R-CO5] (Republican-CO), with 0 cosponsors.
- What's the latest action on H.R. 10657?
- Introduced (1 Oct 2026).
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