@techreport{NBERw1352,
 title = "Prospective Changes in Tax Law and the Value of Depreciable Real Estate",
 author = "Patric H. Hendershott and David C. Ling",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "1352",
 year = "1985",
 month = "February",
 URL = "http://www.nber.org/papers/w1352",
 abstract = {The Economic Recovery Tax Act of 1981 significantly reduced the taxation of income-producing properties by accelerating tax depreciation on both new and, especially, existing properties. A partial reversal of the 1981 legislation appears likely. To provide some insight into the possible effects of a decrease in tax depreciation of income-producing properties, two potential tax changes are analyzed: an increase from 15 to 20 years in the tax service lives of both new and existing properties and an increase for existing properties only. Both residential and commercial/industrial properties are considered.},
}