Hi, my name is ***** ***** I can help. Yes, IRC 179(f) provides that qualified leasehold improvements property, qualified restaurant property, and qualified retail improvement property can qualify for the 179 deduction. The definitions of each are in IRC 168 (found here: https://www.law.cornell.edu/uscode/text/26/168) and are as follows:
(6)Qualified leasehold improvement propertyThe term “qualified leasehold improvement property” has the meaning given such term in section 168(k)(3) except that the following special rules shall apply:(A)Improvements made by lessor
In the case of an improvement made by the person who was the lessor of such improvement when such improvement was placed in service, such improvement shall be qualified leasehold improvement property (if at all) only so long as such improvement is held by such person.
(B)Exception for changes in form of business Property shall not cease to be qualified leasehold improvement property under subparagraph (A) by reason of—(i)
a transaction to which section 381(a) applies,
a mere change in the form of conducting the trade or business so long as the property is retained in such trade or business as qualified leasehold improvement property and the taxpayer retains a substantial interest in such trade or business,
the acquisition of such property in an exchange described in section 1031, 1033, or 1038 to the extent that the basis of such property includes an amount representing the adjusted basis of other property owned by the taxpayer or a related person, or
the acquisition of such property by the taxpayer in a transaction described in section 332, 351, 361, 721, or 731 (or the acquisition of such property by the taxpayer from the transferee or acquiring corporation in a transaction described in such section), to the extent that the basis of the property in the hands of the taxpayer is determined by reference to its basis in the hands of the transferor or distributor.
(7)Qualified restaurant property(A)In generalThe term “qualified restaurant property” means any section 1250 property which is—(i)
a building, or
an improvement to a building,
if more than 50 percent of the building’s square footage is devoted to preparation of, and seating for on-premises consumption of, prepared meals.
(B)Exclusion from bonus depreciation
Property described in this paragraph which is not qualified leasehold improvement property shall not be considered qualified property for purposes of subsection (k).
(8)Qualified retail improvement property(A)In generalThe term “qualified retail improvement property” means any improvement to an interior portion of a building which is nonresidential real property if—(i)
such portion is open to the general public and is used in the retail trade or business of selling tangible personal property to the general public, and
such improvement is placed in service more than 3 years after the date the building was first placed in service.
(B)Improvements made by owner
In the case of an improvement made by the owner of such improvement, such improvement shall be qualified retail improvement property (if at all) only so long as such improvement is held by such owner. Rules similar to the rules under paragraph (6)(B) shall apply for purposes of the preceding sentence.
(C)Certain improvements not includedSuch term shall not include any improvement for which the expenditure is attributable to—(i)
the enlargement of the building,
any elevator or escalator,
any structural component benefitting a common area, or
the internal structural framework of the building.