- Stage
- In committee
- Started in
- House
- Sponsors
- 22
- Latest action
- Feb 13, 2025
What it does
The AIMM Act would permanently extend a provision allowing businesses to include depreciation, amortization, or depletion when calculating their income for purposes of determining the limit on the business interest deduction under the Internal Revenue Code. This change would apply to taxable years beginning after December 31, 2021, removing a prior expiration date that limited the allowance to years before 2022. The bill affects businesses that claim the business interest deduction by altering how their allowable deduction is calculated, potentially increasing the amount of interest they can deduct. It was introduced in the House and referred to the Committee on Ways and Means for further…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.