- Stage
- In committee
- Started in
- Senate
- Sponsors
- 14
- Latest action
- Jan 22, 2025
What it does
The ALIGN Act would amend the Internal Revenue Code to permanently allow businesses to deduct the full cost of qualified property investments in the year they are made, rather than depreciating them over time. This change applies to property placed in service after September 27, 2017, and includes conforming adjustments to related tax provisions, such as modifying definitions for specified plants and recovery periods for certain assets. The effective date of the amendments is retroactive to align with section 13201 of Public Law 115–97, the Tax Cuts and Jobs Act of 2017. The bill primarily affects businesses making investments in qualifying equipment, machinery, or improvements.
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.
Where it goes next
While a bill can still move, the questions are about people and money.