118th Congress · HOUSE BILLBILL

H.R. 2406 — ALIGN Act

“To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.”

Taxation

Introduced Mar 30, 2023

Last action Mar 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 30, 2023

Step 2

Referred

Mar 30, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 30, 2023

Introduced in House

Mar 30, 2023

Referred to the House Committee on Ways and Means.