summary
Introduced
04/15/2021
04/15/2021
In Committee
04/15/2021
04/15/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in quali- fied property is made, and for other purposes.
AI Summary
This bill, the Accelerate Long-term Investment Growth Now Act (ALIGN Act), proposes to amend the Internal Revenue Code to permanently allow a tax deduction at the time an investment in qualified property is made. Specifically, it would set the "applicable percentage" for the bonus depreciation deduction at 100% for qualified property placed in service after September 27, 2017, effectively providing full expensing for such investments. The bill also includes conforming amendments to related tax provisions, and the changes would take effect as if they were included in the Tax Cuts and Jobs Act passed in 2017.
Committee Categories
Budget and Finance
Sponsors (123)
Jodey Arrington (R)*,
Brian Babin (R),
Don Bacon (R),
Jim Banks (R),
Andy Barr (R),
Stephanie Bice (R),
Andy Biggs (R),
Gus Bilirakis (R),
Dan Bishop (R),
Lauren Boebert (R),
Mike Bost (R),
Mo Brooks (R),
Vern Buchanan (R),
Ken Buck (R),
Larry Bucshon (R),
Ted Budd (R),
Tim Burchett (R),
Michael Burgess (R),
Ken Calvert (R),
Kat Cammack (R),
Jerry Carl (R),
Buddy Carter (R),
John Carter (R),
David Cawthorn (R),
Liz Cheney (R),
Ben Cline (R),
Tom Cole (R),
James Comer (R),
Rick Crawford (R),
Dan Crenshaw (R),
John Curtis (R),
Warren Davidson (R),
Rodney Davis (R),
Scott DesJarlais (R),
Mario Diaz-Balart (R),
Byron Donalds (R),
Jeff Duncan (R),
Neal Dunn (R),
Tom Emmer (R),
Ron Estes (R),
Randy Feenstra (R),
Drew Ferguson (R),
Scott Fitzgerald (R),
Scott Franklin (R),
Russ Fulcher (R),
Mike Gallagher (R),
Carlos Giménez (R),
Tony Gonzales (R),
Bob Good (R),
Lance Gooden (R),
Paul Gosar (R),
Garret Graves (R),
Mark Green (R),
Michael Guest (R),
Diana Harshbarger (R),
Vicky Hartzler (R),
Kevin Hern (R),
Yvette Herrell (R),
Richard Hudson (R),
Bill Huizenga (R),
Ronny Jackson (R),
Dusty Johnson (R),
Mike Johnson (R),
Fred Keller (R),
Mike Kelly (R),
Trent Kelly (R),
Adam Kinzinger (R),
David Kustoff (R),
Darin LaHood (R),
Doug LaMalfa (R),
Doug Lamborn (R),
Jake LaTurner (R),
Debbie Lesko (R),
Billy Long (R),
Barry Loudermilk (R),
Nancy Mace (R),
Tracey Mann (R),
Lisa McClain (R),
David McKinley (R),
Dan Meuser (R),
Carol Miller (R),
Mary Miller (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Alex Mooney (R),
Barry Moore (R),
Blake Moore (R),
Greg Murphy (R),
Troy Nehls (R),
Dan Newhouse (R),
Ralph Norman (R),
Devin Nunes (R),
Jay Obernolte (R),
Scott Perry (R),
August Pfluger (R),
Tom Reed (R),
Guy Reschenthaler (R),
Tom Rice (R),
Mike Rogers (R),
John Rose (R),
Matt Rosendale (R),
Chip Roy (R),
John Rutherford (R),
María Salazar (R),
David Schweikert (R),
Adrian Smith (R),
Jason Smith (R),
Lloyd Smucker (R),
Michelle Steel (R),
Elise Stefanik (R),
Bryan Steil (R),
Chris Stewart (R),
Van Taylor (R),
Tom Tiffany (R),
Beth Van Duyne (R),
Ann Wagner (R),
Tim Walberg (R),
Jackie Walorski (R),
Michael Waltz (R),
Brad Wenstrup (R),
Roger Williams (R),
Rob Wittman (R),
Lee Zeldin (R),
Last Action
Referred to the House Committee on Ways and Means. (on 04/15/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/2558/all-info |
| BillText | https://www.congress.gov/117/bills/hr2558/BILLS-117hr2558ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2558/BILLS-117hr2558ih.pdf.pdf |
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