summary
Introduced
03/30/2023
03/30/2023
In Committee
03/30/2023
03/30/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 qualified property is made, and for other purposes.
AI Summary
This bill, the Accelerate Long-term Investment Growth Now Act (ALIGN Act), would permanently allow a 100% tax deduction for qualified property at the time the investment is made. Specifically, it would amend the Internal Revenue Code to make the "100% expensing" provision for qualified property, which was previously set to expire, permanent. The bill also includes some conforming amendments to remove certain temporary provisions related to the expensing allowance. The amendments made by this bill would take effect as if they were included in the Tax Cuts and Jobs Act passed in 2017.
Committee Categories
Budget and Finance
Sponsors (41)
Jodey Arrington (R)*,
Mark Amodei (R),
Don Bacon (R),
Andy Barr (R),
Vern Buchanan (R),
Larry Bucshon (R),
Monica De La Cruz (R),
George Devolder-Santos (R),
Ron Estes (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brad Finstad (R),
Michelle Fischbach (R),
Brian Fitzpatrick (R),
Russ Fulcher (R),
Paul Gosar (R),
Glenn Grothman (R),
Michael Guest (R),
Diana Harshbarger (R),
Kevin Hern (R),
Tom Kean (R),
Kevin Kiley (R),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
Jake LaTurner (R),
Debbie Lesko (R),
Lisa McClain (R),
Cathy McMorris Rodgers (R),
Dan Meuser (R),
Carol Miller (R),
Blake Moore (R),
Jay Obernolte (R),
Guy Reschenthaler (R),
John Rose (R),
Adrian Smith (R),
Chris Smith (R),
Michelle Steel (R),
Claudia Tenney (R),
Jeff Van Drew (R),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/30/2023)
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/118th-congress/house-bill/2406/all-info |
| BillText | https://www.congress.gov/118/bills/hr2406/BILLS-118hr2406ih.pdf |
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