S 1232
AIM Act
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- Passed Senate
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Bill overview
The American Investment in Manufacturing Act (AIM Act) permanently extends a tax provision that allows businesses to fully deduct interest expenses. Currently, there’s a limit on how much business interest can be deducted, and this bill removes that limitation for depreciation, amortization, and depletion expenses. This change aims to encourage investment in manufacturing by reducing the tax burden on businesses.
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Cosponsor
Kyrsten Sinema
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