HR 5371
Permanently Preserving America’s Investment in Manufacturing Act
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Bill overview
This bill, the Permanently Preserving America’s Investment in Manufacturing Act, aims to make a specific tax provision permanent. Currently, businesses can deduct interest expenses, but there’s a limit on how much they can deduct based on their income. This bill permanently extends the allowance for businesses to use depreciation, amortization, or depletion when calculating this income limitation, providing more consistent tax treatment for investments in manufacturing equipment and operations.
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Primary sponsor
Cosponsors
C. A. Dutch Ruppersberger
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