S 187
ALIGN Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The ALIGN Act permanently extends a tax deduction for investments in qualified property. Currently, businesses can only deduct a portion of the cost of new equipment and machinery in the year they purchase it. This bill would allow businesses to fully deduct the cost of these investments immediately, boosting investment and economic growth. It achieves this by modifying existing tax code sections to eliminate limitations on the deduction.
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