Real Property Depreciation Recapture: An Ineffectual Reform of the Tax Laws

This note stems from a belief that an asymmetrical body of tax laws is a challenge to the legal profession which, by training, experience and tradition, is well situated to spur and guide reform. It is my intention to outline the story of but one section of the Internal Revenue Code: why it was proposed, what it sought to do, how it underwent modification by an unsympathetic congressional committee, and how it was finally enacted as a superficial compromise with the underlying asymmetry of our tax laws. In short, what follows is an appended bar in the organ theme entitled A Requiem in Honor of the Departing Uniformity of the Tax Laws. \u27 In short, what follows is an appended bar in the organ theme entitled A Requiem in Honor of the Departing Uniformity of the Tax Laws. \u2