118th Congress · HOUSE BILLBILL

H.R. 2788 — AIM Act

“To amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.”

Taxation

Introduced Apr 20, 2023

Last action Apr 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 20, 2023

Step 2

Referred

Apr 20, 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 allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Apr 20, 2023

Introduced in House

Apr 20, 2023

Referred to the House Committee on Ways and Means.